Spain PM Sánchez Calls Snap Elections for Nov 29 After Housing Bill Defeat
Spanish PM Pedro Sánchez announced early legislative elections for November 29 after parliament rejected his government's housing measures. The move seeks a wider progressive majority to push reforms, but risks political instability. Outcome uncertain; markets may watch for fiscal and reform implications.
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Spain: Sánchez Calls Snap Elections Amid Housing Crisis and Government Collapse
Spanish Prime Minister Pedro Sánchez has called snap general elections for November 29, 2024, following the collapse of his government. This collapse was directly triggered by the defeat of two housing policy decrees in parliament, exacerbated by the withdrawal of support from the Junts party and widespread public protests over housing affordability. The election outcome will determine Spain's future legislative agenda and political stability.