How Spain’s economy became the envy of Europe

This modernization process is being created with the help of post -post receipt funds from the next generation of the European Union. Spain has to receive 3 163bn (9 169bn; £ 136bn) by 2026, which is the largest recipient of these funds along with Italy.

The Spanish National Rail System, with low emission zones in cities and cities, is investing in subsidies for the power vehicles industry and small businesses.

“Public spending has been high, and half of us have been responsible for the development of the disease,” says Maria Jesus Validoros, a economics lecturer at the ISES Business School in Spain.

Other major European economies have seen their growth due to more dependence than Spain, which they say, “At this time, China and other Asian countries have a lot of trouble due to factors such as high cost of energy. The cost of transfer of more sustainable environmental models and commercial protectionism. “

Since Covade, the second major economic challenge for Spain has been a cost crisis due to the supply chain barriers in 2022 and the Russian invasion of Ukraine. In July this year, the annual inflation rate is 11 %, with energy prices being particularly hit by difficulties, but it has happened by the end of 2024. Fall back to 2.8 %.For, for, for,. External

Madrid believes that to reduce the cost of fuel consumption and stimulate public transport use it to reduce the effects of increased energy prices as well as to increase the minimum wage Have achieved key status.

At the height of the European energy crisis, Spain and Portugal also spoke with Brussels a so -called “Eberian exception”, which caused them to use gas to generate electricity to reduce consumer bills Allow the price to be stopped.

Mr Kaverpo argued that such measures have helped to counter the traditional threat of Spain’s economic crisis.

“Spain is proving more flexibility than a shock, which includes inflation, which has come up with war in Ukraine,” he said. “And I think it’s part of the overall protective shield that we have kept for our customers and our firms.”

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