Spain announces measures against financial crisis

Spain announced Tuesday a series of measures including the removal of a tax on food such as bread and milk, and the extension of rent and eviction controls, in order to alleviate the economic crisis caused by Russia’s war in Ukraine.

Prime Minister Pedro Sánchez announced the measures in a speech to mark the end of the year. The government will also reduce the VAT on cooking oil and pasta, from 10% to 5%. Fish and meat products were excluded from the VAT reduction. Sánchez pointed out that the three approved economic assistance packages will cost the country about 45 billion euros (48 billion dollars), including 10 billion for the most recent round of measures.


On the other hand, Pedro Sánchez reiterated yesterday that a referendum on self-determination in the region of Catalonia “will not take place”.

Sánchez was thus responding to the president of the Catalan regional government, Pere Aragonés, who on Monday assured that 2023 should be the year in which “the Catalan proposal for a clarity agreement” is formalized to hold that referendum.

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