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Spain's General Strike Links Housing Crisis to Lost Purchasing Power
Spain's General Strike Links Housing Crisis to Lost Purchasing Power
Spain experienced its first nationwide general strike in 14 years as unions protested soaring housing costs and shrinking purchasing power. Transport and traffic were disrupted in several large cities, although unions and employer groups offered sharply different estimates of participation.
Spain experienced its first nationwide general strike in 14 years as unions protested soaring housing costs and shrinking purchasing power. Transport and traffic were disrupted in several large cities, although unions and employer groups offered sharply different estimates of participation.
The action shows the gap between Spain's solid headline economic performance and the strain felt by households facing expensive housing and living costs. With a national election approaching, affordability has become a central economic and political issue.
K. Petersen--BTZ
