Episode Details
Back to EpisodesSpain's Economy on Edge Amid U.S.-Iran Tensions
Description
Spains business leaders face uncertainty as PM Sánchezs stance against U.S. strikes on Iran strains trade ties with the U.S., a significant energy and trade partner. Despite EUs single market protection, Spains exposure in key areas like oil and gas imports, and industries like autos and manufacturing, leaves it vulnerable. Regional powers like the Basque Country mobilize, and banks like Santander face risks. Trumps history of using leverage and past threats against other European nations add to the tension. Spains economy, which grew 2.8% last year, braces for inflation spikes if the war drags on.
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