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5h ago

Spain Approves €5 Billion Energy Relief After Coalition Standoff

The government split housing demands into a separate decree expected to struggle in Congress, while the tax-and-energy package takes effect on publication.

Milei en TucumánEl Presidente disertó en un foro económico en la ciudad de Tucumán.
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Aston Villa y Emiliano Martínez intentarán pasar a los cuartos de final de l Europa League, tras el 1-0 favorable conseguido en Lille.

Overview

  • An extraordinary Council of Ministers started about two hours late after Sumar pressed for rental controls and limits on business margins.
  • The compromise produced two texts: an energy–fiscal decree approved by the cabinet and a standalone housing decree that government sources expect to be rejected in Parliament.
  • The approved package cuts VAT on fuels from 21% to 10%, reduces the hydrocarbon levy, applies a €0.30-per-litre fuel discount, slashes electricity taxes by 60% and bars utility cuts for vulnerable households.
  • Moncloa included a mechanism to oversee business profit margins in the main decree after last‑minute talks involving Economy Minister Carlos Cuerpo and Social Rights Minister Pablo Bustinduy.
  • Pedro Sánchez put the cost of the first plan at €5 billion, said it will be published in the BOE to take immediate effect, and seeks congressional ratification next week as the PP denounced what it called a government in crisis.