Spain’s PSOE-Podemos government raises electricity prices
The Socialist Party (PSOE)-Podemos government has passed a new measure to increase electricity prices, already among the highest in Europe. It represents a new attack on the conditions of the working class, taking place amid a wave of austerity and anti-working class measures.
The measure was introduced days before European Commission President Ursula von der Leyen travelled to Madrid to meet with Prime Minister Pedro Sánchez to approve Spain’s plan to use nearly €70 billion ($85 billion) in grant money. The electricity hike is just the first of many, including new pension reform to extend the retirement age and a labour reform to cut wages and job security.