Sánchez defends before investors the new taxes in the current context and asks that they bet on Spain

Stresses that Spain is “taking the lead” in important debates at the European level

12 Jan. () –

The President of the Government, Pedro Sánchez, has defended before investors this Thursday the new temporary taxes on energy companies and financial entities under the “convince” that, in extraordinary moments, those who have the most should help protect society.

“In moments as extraordinary as the one we are experiencing, those who have the most must help protect the society to which they owe so much and without which they themselves could not prosper,” he stressed during the closing ceremony of the 13th edition of the ‘Spain Investors Day’.

The president has begun his intervention before national and international investors, acknowledging that the Spanish economy has had some shortcomings for decades that still persist. “These weaknesses are there. I understand that in a match like this, the usual thing would be to try to hide them and some would even deny it, but I don’t do it,” he stressed.

Specifically, the President explained that labor productivity is lower than that of European counterparts, that the country registers innovation rates that are still below the European Union average, that the Spanish internal market is still suffering from fragmentation and that there is bureaucratic slowness in the administrations.

But the head of the Executive has remarked that these weaknesses “pale” when compared to the “extraordinary strengths” that the country presents at an economic level. The president wanted to highlight that, after the biggest health crisis the world has experienced and after a war broke out at the gates of Europe, Spain has achieved the best employment data in its history and the level of inflation is the lowest in the Euro zone.

In addition, Sánchez emphasized that, after decades of relocations, strategic industries have begun to recover and that the country has a “first-rate” business sector, highly internationalized, which leads world rankings in areas such as banking, textiles or the tourist. “Spain is a great international business platform,” she remarked.

“With all the uncertainties and the complex international scenario in which we operate, I believe that Spain is loaded with strengths and transformations that we are already beginning to see, but that are going to be much more promising as time goes by,” he assured.

He has ensured that the organizations point out that Spain is a country with robust foundations and with immense potential to navigate these “difficult waters” next year, which makes the country “one of the best places in the world to do business “. “Keep betting on Spain because Spain will be up to the task,” she insisted.

“SPAIN IS NOT ALONE: WE HAVE THE SUPPORT OF THE EU”

Another of the strengths, according to the president, is that Spain “is not alone”, but has the support of the European Union. “It did not happen in other crises, like the one in 2010, but today we do have support,” he pointed out, after giving the impact of the European funds ‘Next Generation EU’ as an example, which are being channeled through the Recovery Plan, Transformation and Resilience.

In addition, it has valued the current role of Spain in the EU, “taking the lead” in important debates at a European level such as energy or assuming the presidency of the Council of the European Union in the second half of this year, whose The main axes will be strategic autonomy and the social pillar.