Marc Vidal, relentless after Pedro Sánchez’s statement: “What is this show about?” – Emergency exit
What does the temporary absence of the president mean from an economic point of view? Marc Vidal explains it to you this Thursday in his book Emergency Exit.
remember, that “Pedro Sanchez has become an intermittent phenomenon without activity, and this will have both political and (which you already talk about in detail), and economic. “The latter is especially associated with the authority of Spain.”
Carlos Herrera reflects on the scenarios that open up after the government president’s announcement
Madrid 25 Apr 2024 – 08:51
Marc Vidal doesn’t know whether Pedro Sanchez will stay or go, but “the damage has already been done.” Mainly because such decisions are announced after you have made them. If he doesn’t resign, then what is this show for?
And if he leaves, he says, “he will leave the economy like a playground, especially because we have no budget, and that makes everything difficult.”
On an economic level, “we move like a ship that cannot correct its course if it collides. The ship, although we are told otherwise, has more weight than can keep it afloat. At least indefinitely.”
Since June 2018, when Pedro Sánchez arrived in Moncloa, “The debt of this country has increased by 407.875 million euros.”
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According to the economic analyst, the damage has already been done because “although it is constantly denied, we are the economy that has lost the most purchasing power since the health crisis in the OECD, we have a per capita income 15% below the European Union average and, for the first time since moment of our entry into the eurozone, We are potential beneficiaries of cohesion funds. “We are like Cyprus, but with more taxes.”
But if he leaves, he will do so “while flaunting good economic management.”
When Sánchez arrived, “we were not the economy with the highest unemployment rate and we were not the fourth most unequal economy in the eurozone. Now we are. And this is after the largest tax hike in history and the largest increase in government spending since the Upper Paleolithic.”
Proof of this is the development of foreign investment. “Now we receive 60% less than when Sanchez came to the government. Sanchez is guilty of forming a government that weakened the manufacturing sector by exacerbating government affairs.”
He concludes by pointing out that our “country is less competitive, less productive, invests less in innovation, has immigration problems, is experiencing the largest outflow of talent in history, and, unfortunately, “He lost the keys to the emergency exit.”