Rent crisis forces over half of Spaniards to move or share
Rental prices hit a record €15.1/m² in May, forcing 53.7% of citizens to take action like moving to cheaper homes, sharing flats, or moving to suburbs. Meanwhile, 66% of households now spend over 30% of income on rent.
ECB expected to raise rates for first time in three years
The ECB is expected to raise its benchmark rate to 2.25% this week, the first hike since 2023. Pimco and Vanguard predict two more increases by year-end and another in early 2027, as inflation reached 3.2% in May.
Union demands €1,500 minimum net salary for all state employees
CCOO demands that no state employee earn less than €1,500 net per month, as 15% of the workforce earns near the SMI (minimum wage) of €1,221 in 14 payments. The union says rising costs are causing job offer rejections in expensive cities.
Former Sepi chief and PSOE official in public company scandal
Between 2019 and 2022, Vicente Martínez and Leire Díez allegedly pressured executives of state-owned companies for business opportunities under the political cover of ex-Vice President María Jesús Montero. Some deals went through while others were aborted, according to El Mundo.
US bombs Iran in retaliation for Apache helicopter downing
The US launched airstrikes on Iran in retaliation for the downing of an Apache helicopter. Iran responded by attacking US bases in Kuwait, Jordan, and radar installations in Bahrain.
Tax agency staff strike during Renta campaign over conditions
Tax agency (AEAT) employees held a 24-hour strike during the Renta (income tax) campaign, citing breaches of labor agreements. The agency said citizen services were not affected, according to Heraldo.
Spain to phase out paper medication vouchers in pharmacies
The Ministry of Health approved a decree to replace paper cupón precinto (seal voucher) with a digital verification system. Minister Mónica García said it ends 'the cutter, stickers, and bureaucracy' in pharmacies.