The China Mail - Spain PM calls early election after housing crisis defeat

USD -
AED 3.6725
AFN 66.000245
ALL 81.82833
AMD 362.253747
ANG 1.790365
AOA 916.999684
ARS 1524.826029
AUD 1.441057
AWG 1.8025
AZN 1.702147
BAM 1.739471
BBD 2.012612
BDT 122.851565
BGN 1.683441
BHD 0.376674
BIF 3014.617269
BMD 1
BND 1.278867
BOB 12.006155
BRL 5.213901
BSD 0.99928
BTN 96.807044
BWP 13.814757
BYN 3.009846
BYR 19600
BZD 2.009677
CAD 1.42822
CDF 2310.000111
CHF 0.830425
CLF 0.024807
CLP 979.509947
CNY 6.70455
CNH 6.709873
COP 3301.04
CRC 457.878797
CUC 1
CUP 23.981287
CVE 98.071304
CZK 21.820299
DJF 177.940248
DKK 6.67662
DOP 59.662995
DZD 133.636213
EGP 52.249599
ERN 15
ETB 163.212801
EUR 0.893302
FJD 2.253298
FKP 0.755263
GBP 0.75685
GEL 2.605028
GGP 0.755263
GHS 11.735826
GIP 0.755263
GMD 73.500677
GNF 8790.241169
GTQ 7.636412
GYD 209.021333
HKD 7.846735
HNL 26.827891
HRK 6.732202
HTG 130.85359
HUF 329.341501
IDR 17942
ILS 3.05195
IMP 0.755263
INR 96.243949
IQD 1309.040455
IRR 1746539.498985
ISK 122.570402
JEP 0.755263
JMD 158.196211
JOD 0.709022
JPY 157.779502
KES 129.890078
KGS 87.450144
KHR 4053.1526
KMF 438.000226
KPW 900.000318
KRW 1344.105006
KWD 0.30921
KYD 0.83267
KZT 448.958718
LAK 22445.267647
LBP 89483.505439
LKR 330.453112
LRD 170.863165
LSL 16.707565
LTL 2.95274
LVL 0.60489
LYD 6.399481
MAD 9.927646
MDL 17.857175
MGA 4415.17204
MKD 55.052146
MMK 2099.850161
MNT 3596.272149
MOP 8.076685
MRU 39.93098
MUR 48.560213
MVR 15.459705
MWK 1732.714877
MXN 18.215399
MYR 4.086502
MZN 63.901767
NAD 16.707565
NGN 1327.450222
NIO 36.769055
NOK 9.66105
NPR 154.896092
NZD 1.78803
OMR 0.3845
PAB 0.999253
PEN 3.462758
PGK 4.525422
PHP 62.692032
PKR 276.770538
PLN 3.919735
PYG 5846.252368
QAR 3.642282
RON 4.768597
RSD 104.90897
RUB 83.799642
RWF 1479.943076
SAR 3.74627
SBD 8.078071
SCR 14.029703
SDG 601.498676
SEK 10.078505
SGD 1.2811
SHP 0.75503
SLE 24.599033
SLL 20969.491881
SOS 571.110913
SRD 37.811501
STD 20697.981008
STN 21.791046
SVC 8.742946
SYP 13002.000254
SZL 16.704542
THB 33.689857
TJS 9.197848
TMT 3.5
TND 2.977543
TOP 2.40776
TRY 49.162102
TTD 6.775561
TWD 31.778502
TZS 2637.150945
UAH 44.962977
UGX 3987.245794
UYU 40.271978
UZS 11785.633285
VES 865.47815
VND 25998
VUV 119.582079
WST 2.788611
XAF 585.967602
XAG 0.016333
XAU 0.000241217861
XCD 2.70255
XCG 1.800887
XDR 0.707052
XOF 585.967602
XPF 106.071589
YER 236.297226
ZAR 16.697595
ZMK 9001.202058
ZMW 19.635154
ZWL 321.999592
SSP 5712.591527
MXV 2.059686
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Spain PM calls early election after housing crisis defeat
Spain PM calls early election after housing crisis defeat / Photo: © AFP

Spain PM calls early election after housing crisis defeat

Spanish Prime Minister Pedro Sanchez on Monday called a snap election for November 29, after parliament rejected housing relief measures proposed by his minority government.

Text size:

The defeat on Friday was just the latest political setback for the Socialist premier, one of the few European prime ministers from the left still in power.

"To do more, we need to renew and broaden the support of the people," Sanchez, in office since 2018, said in a televised address, adding his aim was "to secure a much broader, progressive majority in parliament".

Tens of thousands of protesters marched in Madrid and other cities in Spain on Saturday to demand affordable housing.

The government's proposed measures, which included automatic renewal of tenancy contracts and restrictions on evicting vulnerable tenants, were voted down by opposition parties in Spain's parliament.

The defeat infuriated those protesting the country's increasingly expensive housing market and underscored the difficulties his minority coalition government faces in passing legislation.

Spain has been operating under its 2023 budget, the last national spending plan passed by Sanchez's government, for several years.

The demonstrations extended a crisis that has gone on for more than a week, triggered by the eviction last month of 87-year-old Maricarmen Abascal from her Madrid flat where she had lived for decades.

Hundreds of protesters have been occupying a tent city set up more than a week ago in the heart of Madrid to press for reforms.

Recent opinion polls have generally placed the main opposition conservative Popular Party (PP) ahead of the Socialists.

- Soaring prices -

Housing has for years been a top concern for Spaniards as supply falls short of demand, with rents and house prices rising as elsewhere in the European Union.

Average rents in Spain have almost doubled over the past decade, while asking prices for homes have risen by about 90 percent, according to real estate website Idealista.

Abascal's eviction catalysed long-running anger about runaway housing costs.

The pensioner was forced to leave the Madrid flat where she had lived for more than seven decades after it was acquired by an investment company that sought to increase her rent by 275 percent, say housing campaigners.

The backlash led the new owners to reach a deal allowing her to return to the flat at a low rent.

The housing bills Sanchez's leftist coalition had presented to parliament were rejected after the Catalan separatist party Junts -- on whose support the government relies -- voted against them, arguing they were hastily drawn up and would make the housing crisis worse.

- 'Can take no more' -

Sanchez defended his government's record in his address, pointing out that under his leadership Spain's economy has grown faster than those of its main European peers.

But after eight years in power, Sanchez is also under pressure from corruption scandals involving people close to him, including his wife and top figures in his Socialist Party.

The prime minister has also faced widespread criticism over his handling of the crisis in the north African enclave of Ceuta, where thousands of migrants from Morocco entered in late July.

The situation at the European land border with Africa has gradually deteriorated, with many migrants still sleeping in makeshift camps.

The events have fuelled tensions and almost daily protests by local residents calling for a return to normality.

The head of the PP, Alberto Nunez Feijóo again called on Sanchez on Saturday to call an election, saying the country "can take no more".

While polls put the PP ahead, they suggest the aprty would fall short of an absolute majority in parliament and would need the support of far-right Vox to govern.

U.Chen--ThChM