The President of the Government, Pedro Sánchez, warned this Wednesday that the Ibex 35 has lost more than 100 billion euros, a fall of 9%, since the beginning of the war with Iran. During his appearance in the Congress of Deputies, Sánchez directly linked this stock market collapse to the conflict in the Middle East, pointing out that the war is having “very serious” consequences on the global economy and, in particular, on Spain. “We are already seeing its effects on the markets, on energy and in the pockets of citizens,” he warned.
The head of the Executive has stressed that the fall of the main Spanish stock market index reflects the uncertainty generated by the war escalation, especially in a key region for the global energy supply. In this regard, he has highlighted the rising cost of gas and oil, factors that pressure inflation and affect both families and businesses.
Given this situation, the Government has approved a package of economic measures worth 5 billion euros, aimed at cushioning the impact of the conflict. Among them are included direct aid to households, support for SMEs, and actions to contain the cost of energy.
The appearance has also been marked by political confrontation. Sánchez has charged against the Popular Party and Vox, whom he has accused of “supporting or not clearly opposing” the war, calling the conflict an “absolute disaster.” Furthermore, he has appealed to the responsibility of the parliamentary groups to push forward the anti-crisis measures.
For his part, the leader of the PP, Alberto Núñez Feijóo, has criticized the president for his management and has accused him of using the international situation to reinforce his political discourse, evidencing the lack of consensus at a time of high geopolitical tension.
