The rally took place amid a political dispute over the sustainability of Spain’s pension system and the cost of living, with Socialist Prime Minister Pedro Sanchez accusing the right of planning to weaken inflation-linked pension increases. Madrid authorities told AFP that around 250,000 people marched peacefully from Atocha station to the Gran Via. Some protesters opposed privatizing the system, while Popular Party MP Ester Munoz had earlier this month predicted the current system would “collapse.” PP leader Alberto Nunez Feijoo pledged to keep raising pensions in line with inflation each year if his party wins the Nov 29 election and he becomes prime minister, and Sanchez accuses the PP of questioning the mechanism in force since 2022. About 6.8 million Spaniards receive a state pension, with an average of €1,576 (US$1,765) a month as of September, according to the social security ministry.
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Original headline: 250 , 000 rally in Madrid to demand state pension guarantees
Read the original on freemalaysiatoday.com ↗
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EUR/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 1.12044 |
| Change that session | -0.11% |
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