Spain

Spain has been building a bridge with China for years. Now it is the European Union that needs to cross it

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Pedro Sánchez is going to land in China this week for the fourth time in three years. No other Western leader comes close. Why is it important. What seemed like a diplomatic eccentricity has become a trend. A year ago, Spain seemed an outlier in Europe due to its favorable and close stance towards China. Today it is France, with its calls for tougher trade measures against the Chinese government, who seems isolated, according to analyst Noah Barkin in his specialized newsletter. Watching China in Europe. The context has changed everything: the war in Iran, the volatility of the Trump government and the tariff as a political weapon have pushed Europe towards where Spain already was. The context. In recent years, Spain has attracted a constellation of Chinese companies while maintaining a discourse of rapprochement with China that the rest of the EU viewed with skepticism, if not suspicion. The map of Chinese presence in the country is already considerable: The result of all this rapprochement is also reflected in capital flows: Chinese investment in Spain went from 149 million euros in 2024 to 643 million in 2025, an increase of 331% in a single year. Nevertheless, has done little to reduce Spain’s large trade deficit with the Asian giant. The pattern is known: investment arrives, but Spanish exports do not grow at the same rate. Openness has a price. Between the lines. Barkin describes it like this: Pedro Sánchez has positioned himself as the most openly pro-China and Trump-critical leader in Western Europe. This gives Spain a position as unique as it is uncomfortable. Being China’s favorite interlocutor on the continent means assuming the diplomatic costs of that position when the EU needs to maintain a common voice vis-à-vis China. The contrast. While Spain opens its arms, the European Parliament cautiously reopens its ties with China after eight years of distance. A delegation of MEPs visited China this week on the first official trip since 2018, with a clear message, according to coverage by Traffic light China: commitment does not mean concession. The European Union negotiates with one hand and shields with the other. Spain, on the other hand, has opted for the extended hand, practically alone. The big question. Is Spain a pioneer or a lever? A pioneer sets the path that others end up following because it is the right one. A lever is an instrument that others use for their own purposes. Barkin warns that Spain is following the Orbán model: welcoming Chinese investment without the necessary checks and balances. The comparison may be unfair in its nuances, but it points to a very real risk: that the Spanish opening strategy lacks the reciprocity that Europe needs to negotiate as a bloc. In Xataka | Donald Trump’s tariffs are having an unforeseen effect on China: its factories are getting stronger Featured image | ZQ Lee, Sam Williams

97% of a key mineral for Europe comes from China. Spain has a plan of 197 million to turn it around

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Constant technological development has unleashed a silent but relentless geopolitical war. At the center of the target are rare earths and critical minerals, essential for manufacturing everything from mobile phones to electric cars or wind turbines. Nowadays, how to explain Europa PressEurope is in a situation of extreme vulnerability: 97% of the magnesium we consume comes from China and 98% of the borate we import from Türkiye. However, the solution to this deep dependence could be buried under Spanish soil. A new plan. As detailed in the National Mining Exploration Program 2026-2030 (PNEM), the official document promoted by the Government of Spain20 of the 34 raw materials that the European Union classifies as fundamental have been detected in the Iberian Peninsula. Of them, 17 are considered strategic due to their high technological and defense impact. To map and take advantage of this “treasure”, the Executive has launched an ambitious plan. The financing table of the PNEM itself projects a total investment of 197 million euros for the five-year period 2026-2030, adding public financing, aid and private investment that is expected to be mobilized. A breath for Europe and an opportunity for Spain. The European roadmap, crystallized in the Fundamental Raw Materials Regulation (Critical Raw Materials Act or CRMA), is very clear: guarantee access to a safe and diversified supply. By 2030, the European Union has set a goal of extracting at least 10%, processing 40% and recycling 25% of its domestic demand for these materials. In this context, Spain is not a secondary actor, but is the only producer of strontium in Europe, hosting 15% of the world’s reserves in the Montevives and Escúzar basin in Granada, and holds the position of second largest copper producer on the continent. according to data provided by Europa Press. The main focus of exploration is located in the Variscan or Iberian Massif, an extensive geological strip that crosses the west of the peninsula from Galicia to Andalusia, passing through Cantabria, Asturias, Castilla y León and Extremadura. The official document highlights, within this great massif, the so-called Central Ibérica, Ossa-Morena and South Portuguesa Zones as priority areas for general exploration. The private sector takes positions. On a practical level, intentions are already being translated into business movements on the ground. In Extremadura the Junta has granted a license to explore an area of ​​49,500 hectares in the Cáceres regions of Los Ibores and Campo de Arañuelo. In Andalusia, specifically in Jaén, the Australian company Osmond Resources will promote the Orion projectcovering 228 square kilometers in the former mining region of Linares-La Carolina to search for unusually high concentrations of rutile, zircon and rare earths such as neodymium. For its part, the European Commission has already blessed seven strategic projects in Spanish territory to protect the supply, located in enclaves of Ciudad Real, Orense, Cáceres, Badajoz, Huelva and Seville. Cutting-edge technology versus “pick and shovel”. The National Mining Exploration Program does not contemplate blindly digging holes. The Ministry’s text outlines six great performances interconnected to locate these raw materials. The process will begin with an exhaustive review of historical data and geoscientific reports, followed by the preparation of highly detailed geological-mining cartography. From there, technology will take over. Geochemical soil prospecting campaigns and complex isotopic analyzes will be carried out to find anomalies in the terrain. In addition, cutting-edge geophysical techniques will be deployed, using everything from airborne gravimetry and magnetometry equipment (planes and drones), to remote sensing using high-resolution hyperspectral and satellite images provided by the European Space Agency. All of this will be complemented by carrying out physical surveys to confirm the mining interest of the anomalies. Finally, as the official plan highlights, all this huge amount of data will be processed using algorithms, artificial intelligence and machine learning to generate predictive models of mineralization. The inevitable clash: Mining vs. Biodiversity. However, technology collides head-on with strict environmental reality. The clearest example is in Campo de Montiel (Ciudad Real). There, the company Quantum Minería has been trying to exploit a promising monazite deposit to extract rare earths. But the project has encountered strong neighborhood opposition due to the very high water consumption it requires and an unexpected defender: the iberian lynx. The recovery of this feline’s territories in the area has become a major legal obstacle for the mining company, paralyzing permits due to fear of destroying its habitat. Although before the environmental alarms go off, it is important to make a fundamental point: this National Program serves to know what we have, it is not an authorization to dig it up. The Ministry’s own document clarifies that the plan does not establish “binding or indicative objectives” for exploitation. That is, it is a purely prospective roadmap and data collection that does not compromise or zone the territory to open real mines. The mine is in the “garbage”. Faced with this paralysis and the immense difficulty of opening new mines in natural areas, Spain has an ace up its sleeve: secondary mining and the circular economy. The National Program reserves one of its main transversal lines to respond to article 27 of the European regulations (CRMA), thoroughly investigating the economic potential of mining waste facilities that were closed or abandoned in the past. The Ministry document remember thatalready in the 80s, an inventory was prepared that cataloged 21,673 waste structures (rafts and waste dumps) spread throughout the national territory. Now, the State’s objective is to review this catalog and promote geochemical characterization work to recover those fundamental raw materials that, at the time, were not of interest or could not be extracted and were discarded. As pointed out Europa Press, Research teams from the University of Seville led by professors Joaquín Delgado and Antonio Romero are already working in Río Tinto (Huelva) designing experimental plants to recover valuable metals and rare earths from the acidic waters of abandoned mines. Even beyond the mine. A clear example of this circular bet is the RC-Metals projectled by the National Center for Metallurgical Research (CENIM-CSIC). … Read more

Fish has been in a deep crisis in Spain for years. Mercadona believes it has the formula for that to change

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He video It is from October 2024, but it could have easily been recorded yesterday, today or even tomorrow. In a piece lasting just under a minute, Jana Quiles, tiktokerrecounts his disastrous time at a fishmonger: “I just wanted a piece of fish for dinner and, because I didn’t know what to order, I ended up buying 25 euros worth of hake.” Your case is interesting because it connects with a phenomenon shared by many other young people on networks and that is reflected in the statistics from the Government: Spanish households buy less and less fish. Mercadona has taken note and has decided to step on the accelerator in a bet that it’s been a while implementing: the move from the fishmonger to the trays. What has happened? That Mercadona wants a “new fish sales model” in its stores. The chain itself announced it in a statement posted on its website, a note that, beyond its corporate tone, stands out for two things. The first, the message. The company advances its intention to complete the transformation of its sections, betting 100% on the packaged product. “We transfer all products to trays, guaranteeing quality and freshness.” The second thing that draws attention is the images. Mercadona’s statement only shows photos of fish already packaged, labeled and arranged in open refrigerators. Not a counter. Not even a stand with fresh goods and fishmongers to consult about the goods or a special cut. Nothing, in short, that can lead to experiences like the one that Jana Quiles lived in her day. @janaquiles This happens to me as a beginner 😂🐟 ♬ original sound – Jana Quiles Is it something new? In a way. Although Mercadona seems determined to complete its “reengineering” of fish, in reality the change comes from behind. Does more than a year There was already talk of the chain’s desire to find a more efficient model for the section, betting on the consumption of clean merchandise arranged on trays. The idea, how it progressed TOB.C. in January 2025: greater offer in packaging, with items ready for consumption, and much less assisted sales, moving away from the model that prevails in traditional markets. From the traditional image of customers browsing the hake, turbot and mussels displayed on ice, with the fishmonger on the other side of the counter, we move to a more functional one in which there is only the customer and the tray. Why this change? Mercadona argues who wants to “adapt” to how we consume in our homes and defends the benefits of the new model: “The key is to reduce as much as possible the time that passes from when the fish comes out of the water until you consume it.” To older claims that the trays allow it to reduce waiting times in stores, offer an “assortment adapted to real consumption” and work with merchandise “clean and ready for consumption.” In short, selling merchandise made almost to measure for a clientele that has lost the habit of buying fish and no longer has the vocabulary and the keys to ordering fresh goods. Again the case by Jana Quiles is paradigmatic. His experience with hake is not something isolated, it connects with an entire generation that has not acquired the habit of going to traditional fishmongers. That’s all? No. To these advantages are added others that Mercadona does not cite and directly affect its production costs, logistics and even the management of spaces in the store. In January the company already made it clear In any case, the change in model would not imply dispensing with employees, they would simply be assigned new roles. “The entire fishmonger’s team continues to be part of Mercadona. Their work adapts to other needs in the store.” Does it only affect fish? No. The focus may now be on fish, but it is only part of a much larger Mercadona strategy that connects with two of its main bets. One is food ready for consumption. For years, the chain has aspired to be more than just the place where you buy products to fill your refrigerator and pantry; It seeks to be directly the space in which you feed yourself. The clearest reflection of this slogan is the section “Ready to eat”but the commitment to trays of fish that are clean, cut, filleted and practically ready to put in the oven goes in that same direction. And the other bet? The ‘Store 9’the new local format that the Valencian chain wants to bet on. Your goal is optimize processes and improve efficiency, but in practice that translates into moving even further away from traditional counters and moving towards already packaged merchandise. Interaction with staff during purchases is reduced to a minimum. No chats with butchers, fishmongers or fruit sellers, like in traditional supermarkets. Speed, efficiency, and functionality prevail, which in turn leads to handling and packaging tasks being removed from public areas. Is this just about Mercadona? Not at all. Roig’s chain has managed to gain a considerable market share in Spain, close to 30% in terms of value, so their decisions affect thousands and thousands of families. However, the changes in fish consumption go further and partly connect with the Quiles video that we mentioned at the beginning of the article. We Spaniards buy less and less fish. The official data of the Government show that per capita consumption of fish (both fresh and frozen) in homes has been plummeting for years. And it doesn’t get better. He latest reportfrom November, shows interannual falls of between 4 and 5.5%. With its latest movements, Mercadona seeks to position itself in the part of the business that performs best. While Fedepesca talks about the closure of thousands of fishmongers Since 2007, there are businesses in the sector more focused on the sale of ready-to-buy merchandise, online orders and home delivery that they keep growing. Fish consumption itself is leaving homes to focus at leisure. Now Mercadona aspires to carve out … Read more

This map shows what the Earth will be like in 250 million years. If it comes true, Spain will be very lucky

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About 200 million years ago, the last supercontinent began to break up. The division of Pangea It gave way, very little by little, to the current geological composition. But what was separated will come together again. The continents keep movingcrashing into each other, and one theory suggests that it will be within 250 million years when another supercontinent will emerge. We have named it as Pangea Ultimaand the truth is that it will not matter exactly which countries we have as neighbors. Pangea Ultima. plate tectonics It is curious because they continue to move one under the other, and that is what has led to the theory of continental drift. These movements are studied to understand the past, as well as to decipher the future, and one of those scholars is Christopher Scotese. This American geographer is the creator of the PALEOMAP Projectwhich seeks to show not only how the elements have moved these last 1,000 million years, but is also attributed the prediction of that future supercontinent. and Scotese elaborated this map: What is it that has inspired the one who opens this article: Curious neighbors. According to this, within about 50 million years North America would have rotated so much that Alaska would be at a subtropical latitude and Eurasia would also rotate, but in the opposite direction, making Britain closer to the North Pole. Africa will move closer to Europe and Arabia, both the Red Sea and the Mediterranean will disappear and, within 100 million years, the Atlantic will begin to shrink. It will be in 150 million years when the Atlantic will disappear as a result of being sucked in by the American continent, bringing America and that block composed of Eurasia and Africa much closer. And the culmination will occur within 200 million years when this new supercontinent is formed, with the Indian Ocean as a central sea and a curious neighborhood mix. According to this model, Latin America would be more or less the same, but with African neighbors to the east. Cuba would be attached to the United States, Greenland would be next to Canada (bad luck, Trump) and Spain would continue to border France and Portugal, but also with Italy, Morocco, Tunisia and Algeria. England would also be close to France and Korea would be in a curious sandwich between Japan and China. It will make exactly the same. But the truth is that it doesn’t matter what your new neighbors seem to you, not because, obviously, you won’t be there to suffer them, but because humanity may have become extinct by then. Not because we sometimes put effort into it, but because the conditions will not be the most ideal for the life of mammals. In a study Published in Nature, researchers predicted that 92% of the Earth would be uninhabitable for mammals. The reason is that, in a simulation of the climate of this new supercontinent, it is estimated that the temperatures of a large part of Pangea Ultima will be more than 40ºC, but in addition the amounts of CO₂ will make the life of mammals… complicated. Due to the number of collisions between plates, there will be great volcanic activity that will increase the CO₂ emissions into the atmospherea, not only warming the planet, but also encouraging the levels of this CO₂ to double the current levels. In addition, the Sun will be 2.5% brighter at that time because its nuclear fusion rate will have increased and this is something that will also contribute to making the planet drier. Spain not so bad. It’s not a very encouraging outlook, to be honest, since plant life will also experience mass extinction, but researchers point out that conditions may not be so bad in all parts of the new world. Thus, those closest to the top of the North Pole could have cooler conditions that facilitate better adaptation to life. And Spain, Portugal, Morocco or England are in that scenario. It is also possible that we become specialists in desert environments, becoming nocturnal animals in something similar to what was seen in ‘Dune‘. Alexander Farnsworth, one of the researchers who have simulated the climate conditions of that future, also analyzed From the most serious point of view, how life makes its way in the climate of Arrakis and points to this parallelism with the Earth in 250 million years. one more. Is this what the Earth will look like in 250 million years? Namely, but there are several hypotheses formulated in recent decades that, in one way or another, point to the existence of that supercontinent. One is Novopangeawhere the Pacific will close. another is Auricawith the closure of both the Atlantic and the Pacific. And another model is Amasiawith the union between Asia and America. And it doesn’t matter the model, they are still similar to the last Pangea and, after this new supercontinent, the estimate is that the Atlantic will open again, separating the countries and beginning a new cycle of rupture. What will happen to life? Well, it will make its way, as the great Jeff Goldblum already said in ‘jurassic park‘, because mass extinctions… there have been several. Image | Coffee In Xataka | The Earth has moons that we don’t know about: exploring them is key to revealing the secrets of our solar system In Xataka | This map is a journey through time: this is how the Earth has evolved for 750 million years A version of this article was published in 2025

There is a neighborhood in Spain with so many Swedish tourists that it is already a “Little Sweden”. And it’s exactly where you imagine.

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Neighborhoods change, they transform. That has always happened. What is less common is that the change is accompanied by new accents, especially Scandinavian accents, which is what has been gaining strength in decades. Saint CatherinePalma de Mallorca. What was once a fishing neighborhood has mutated into something totally different: an area in which there are many businesses oriented to the hospitality and the real estate market and in which it is surprisingly easy to find expats arriving from cities like Stockholm. There are those who already refer to the neighborhood as “little Sweden”. ‘Little Sweden’. The transformation of Santa Catalina is not exactly new. In 2017 Mallorca Diary realized and how the Scandinavians had acquired so many stores and apartments that the neighborhood had earned the nickname “Little Sweden.” It was not a phenomenon exclusive to that specific coastal area (at expats They are attracted to Mallorca in general), but it is true that it was clearly visible in its streets. What is surprising is to see how the scandinavization of Santa Catalina has advanced in the last decade, something that makes it quite clear a chronicle published by elDiario.es. “There are few Mallorcans left”. Probably the best way to understand the change is to listen to its residents, like Antoni, a 79-year-old neighbor who, after a lifetime in Santa Catalina recognize that he hardly knows anyone anymore when he walks through its streets. “There are few Mallorcans left,” he resigns. His environment agrees with him. The man talk with the press in an area where it is not difficult to find recently renovated buildings and shop windows silk-screened in foreign languages, including English, German and Swedish. If you look a little, not far from there you can even find real estate agencies focused on the Scandinavian market and the sign of an old Swedish bakery. A neighborhood in full change. Antoni is not (far from it) the only local who notices the changes in the neighborhood. Tomeu confirm that “there are only some old businesses left” and Raúl, also raised in Santa Catalina, confirms that none of the friends he played with when he was a child no longer live there. That neighborhoods change over the decades (and that extends to both neighborhoods and businesses) is nothing extraordinary, nor exclusive to Santa Catalina, Palma or the Balearic Islands. What is curious is that this change has as one of its driving forces the landing of expats and capital of northern Europe. More than testimonials. The transformation of the neighborhood (Mallorca in general) can be followed through more than just testimonies and memories. The studies do not always allow us to go into detail about each district, but they confirm the profound changes that the archipelago has experienced in recent years. To begin with, the Balearic Islands are the region of Spain with highest percentage of foreign population. According to a report of the Funcas Foundation, 29.3% of its population was born outside of Spain. As a reference, in Madrid they represent 25.7%. In 2004, foreigners represented ‘barely’ 15.3% of the Balearic census. Expensive, but not ‘Stockholm level’. The Swedes they are very far away of being a majority group in the Balearic Islands, but for some time they have shown a special interest for the region. Almost a decade ago the local press explained that many discovered its islands as a vacation destination and, over time, chose to settle in the archipelago, attracted by its climate, quality of life and prices. “There are the small things, like having a coffee for example. In Stockholm it costs five or six euros,” recognized in 2017 Patric, at the head of a practice located precisely in Santa Catalina. “In Stockholm the square meter is around 10,000 euros and that is why Santa Catalina is still cheap. For the rest of the world the neighborhood is terrible, but for the Swedes it is quite cheap.” Agency pending. Another front that makes the transformation of the neighborhood clear is real estate. for your article elDiario has spoken with several agencies established in the area and more or less focused on the Scandinavian market, such as Mallorcabyrån Real Estatewhich presents itself as a “Swedish-speaking real estate agency in Mallorca”, or Svensk Fastighetsförmedlingwhose managers they boast of having “brought the reliable Swedish real estate model to Spain”. Escalating prices. Beyond the agencies, the Idealista portal also offers an interesting clue. The real estate portal specifies that right now the m2 in Santa Catalina-Son Armadans-Maritim is paid at 6,200 eurosfar from the 2,385 a decade ago. In fact, Idealista has registered a year-on-year increase of 14.3%. Things don’t get much better if we talk about the residential rental market. The m2 is paid at 19.7 euros5.6% more than a year ago. Rental options right now more economical In the area there is a 50 square meter apartment for which they ask for 1,100 euros per month and a 38 m2 studio for which they pay 1,150 euros. In this last case (a room without an elevator), yes, the advertisement clarifies that it is a “seasonal rental.” Why do prices increase? The transformation of the neighborhood is clear and can be followed both through testimony of its oldest neighbors as well as of the newspaper archive, which takes years strengthening the “little Sweden” label. However, not everyone is so clear that the rise in housing prices can be explained by the arrival of Scandinavian capital. “In general, the main factor behind the lack of housing at affordable prices in Palma is the shortage of supply, especially new construction,” claims Vivian Grunblatt, head of a real estate agency aimed, among others, at Swedish buyers. “In the last ten years the creation of new homes has been limited, which generates constant pressure on prices.” “And what are you doing?” There are also who raises it from another perspective, like Raúl, the horse who recognizes that there are no longer any of his childhood friends left in the neighborhood. In … Read more

While Spain does everything possible to preserve the Iberian wolf, one group has very different ideas: ranchers

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A few days ago, a six-year-old Iberian wolf named Raksha traveled from the Basabrere center in Lezaun (Navarra) to the Jerez de la Frontera Zoobotanical Center. A trip that aims enrich the captive breeding program started in 1995 in order to guarantee the conservation of the species. The problem is that it is being done at a time when ranchers are fighting against the presence of the wolf due to the damage it is causing. Wolf x-ray. To understand the conflict, you first have to look at the numbers. According to the last national censusSpain has 333 stable herds, which translates into about 1,600 to 1,700 individuals, and it is good news because it marks an increase of 12% compared to the previous census. Here the vast majority is concentrated north of the Duero River, although a clear trend of expansion is observed towards the south and east of the peninsula. The problem is that we are still quite far from reaching the 500 herds that can guarantee good genetic variability that allows them to survive. That is why the Government maintains until this March the classification of the wolf’s conservation status as “unfavorable.” The war in the countryside. If science is telling us that there is a need for wolves, livestock farmers affirm that there are plenty of them, and they see this due to the increase in attacks on livestock that has forced the State to inject 20 million euros annually for prevention measures with fences or mastiff dogs, as well as to compensate financially. However, organizations such as WWF denounce that management by the autonomous communities is deficient, with a lack of transparency and little progress compared to what is set out in the 2022 National Strategy. Lots of criticism. But these measures seem to be not enough for some, such as the Popular Party, which points out that in the province of Lugo, where more than 1,400 affected animals were registered, much more still needs to be done. The Xunta de Galicia itself also points out that right now the winners do not have state funds to be able to face these attacks. Although the tension is undoubtedly placed right now on the temporary inclusion of the wolf in the List of Wild Species under Special Protection Regime (LESPRE). Under this legal umbrella, any action of capture, disturbance, sale or destruction of the species’ habitat is prohibited. A legal pulse. If we look back, a few months ago various amendments and regulatory changes They allowed a partial departure of the wolf from LESPRE, authorizing controls based on hunting to mitigate economic damage. But in February 2026 a ruling from the Supreme Court turned the situation around 180 degreessince it tightened the requirements to authorize these extractions, obligatorily prioritizing non-lethal alternatives and drastically limiting hunting. This sentence has acted like gasoline in regions of northern Spain where ranchers report significant attacks on their animals, and that is why the autonomous communities threaten to report the Spanish government to the European Union for not acting on the regulation of this species. But what is clear is that the crossroads of the Iberian wolf in 2026 is the perfect reflection of a coexistence problem. While Raksha and other specimens in captivity ensure the genetic lifeline of the species, in the offices and meadows of northern Spain the formula that allows the wolf to howl without the rural world starting to tremble has not yet been found. Images | Arturo de Frias Marques In Xataka | We have managed to make the dire wolves return after 10,000 years of being extinct. The problem is that “come back” may not be the right word.

While Europe panics about the price of electricity, in Spain the opposite is happening

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The ghosts of the energy crisis have once again haunted Europe. As energy expert Alejandro Diego Rosell warnsin just a month of tensions the price of gas (TTF) has skyrocketed more than 90% in March. In most of the continent, this shock translates into an almost automatic increase in the cost of electricity, recalling the “shock” caused by the Ukrainian War four years ago. However, in Spain the unthinkable has happened: the bill has gone down. In short. The electricity bill for customers with the regulated rate (PVPC) has fallen by around 4.8% this month of March compared to the same period last year. The difference with our neighbors is abysmal. While in Italy wholesale electricity is paid at €143/MWh and in Germany it is close to €100/MWh, the Spanish market (pool) closed March with a contained average of €41.5/MWh. How has this been possible? This energy firewall against the geopolitical crisis is not the result of chance, but rather the combination of three fundamental factors: The Government’s fiscal shield: In response to the escalation in the Middle East, the Executive has activated a shock plan. The Official State Gazette (BOE) published Royal Decree-Law 7/2026which recovers the tax cuts from the previous crisis. The VAT on electricity drops to 10%, the electricity tax plummets to 0.5% and the generation tax (IVPEE) is suspended. The muscle of renewables: This is the great structural difference compared to 2022. Alejandro Diego Rosell emphasizes thatSince the start of the Ukrainian war, Spain has added 30 GW of solar energy and more than 3 GW of wind energy to its network. The result is that 65.1% of the electricity consumed this March has come from clean and cheap sources, pushing up electricity prices. pool down. The climatic factor: Nature has also done its part. this winter has been characterized because it was very rainy and windy. This abundance of water and wind has allowed so much energy to be generated that last Sunday the market reached the cheapest hourly price in history: -10 euros per MWh at three in the afternoon. How does it affect the pocket? The combination of low taxes and high renewable generation has meant direct relief for both families and the productive fabric. On the one hand, for an average consumer with a regulated rate, the March bill has stood at 68.10 euroswhich represents a saving of 3.42 euros compared to a year ago, according to comparative data from the CNMC. collected by The Voice of Galicia. For its part, eldiario.es collects estimates from electricity companies which estimate the savings derived solely from tax reductions between 7 euros for small households and up to 20 euros for large families or commercial premises. On the other hand, the most surprising data comes from the large factories. According to the latest Barometer of the AEGE associationthe Spanish electro-intensive industry today pays for electricity at €66.50/MWh, managing to be below the €67.73/MWh paid by the all-powerful German industry for the first time. In sectors where energy accounts for up to 50% of production costs, this surprise represents a vital injection of foreign competitiveness. The small print. To understand the full picture, it is necessary to look beyond the optimistic headlines. The experts consulted by the different media warn of several critical nuances: The hidden cost of “blackout insurance”: Such dependence on renewables has a price, since to guarantee the supply when there is a lack of sun or wind (or when there is excess and the grid cannot support it), Red Eléctrica must turn on gas plants to balance the system. These “technical restrictions” are very expensive and increase the final bill outside the wholesale market. France continues playing in another league: Despite winning the short-term battle against Germany, The Economist remember that we are very far from France. Thanks to its nuclear park, the French industry pays electricity at €32.05/MWh, less than half that of the Spanish industry. Furthermore, Germany compensates for its high market prices by injecting its factories with €38.78/MWh in CO2 aid, compared to the scarce €17.76/MWh allowed by the Spanish budget. The electrical mirage and the threat of summer: Electricity barely represents 20% of the country’s energy consumption. The other 80% (oil and gas for transport and industry) is 100% imported, so Spain remains very exposed to the ups and downs of the Middle East. In addition, Natalia Fabra, professor of Economics, warns that the electrical bargain It has an expiration date: starting at the end of June, the heat will reduce the efficiency of the solar panels, the use of air conditioning will trigger demand and gas prices will once again rise. Resilience facing the crisis. The Third Gulf War has tested Europe’s energy foundations. Spain, unlike what was experienced four years ago, has managed to avoid the first big blow thanks to a cocktail of fiscal intervention and green deployment. As Alejandro Diego Rosell concludesit is true that renewable energies do not magically isolate us from the complex international context, but the data from this month of March leave an undeniable lesson: without them, we would be much worse off. Spain has acquired valuable resilience, but the road to true energy independence is still long. Image | freepik 1 and 2 Xataka | The paradox of the Canary Islands: it is the only autonomous community where the VAT reduction on fuel will not be noticed

Spain awarded 20 million euros to Stellantis to create jobs in Galicia. Europe has prevented the money from being delivered

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20,660,434 euros. That was the aid that the Government of Spain granted in 2017 to PSA (now Stellantis after its merger with FCA) as “regional incentives for the correction of territorial economic imbalances.” Just two years later, the European Commission already doubted the appropriateness of this aid. Almost a decade after its delivery, Stellantis will have to return the money. 20.7 million euros. It was the money given by Mariano Rajoy’s Government in 2017 to the automobile conglomerate PSA. The company, then directed by Carlos Tavares, had been looking for money framed within the “Industrial Plan 2014-2020” in which funds from the European Union were available. The Spanish subsidiary of PSA, known as PCAE, requested aid of 392 million euros in 2014 to carry out the necessary actions to modernize the plant and launch a new model. The aid program was expanded, with another 100 million in subsequent years because PSA was going to produce a new vehicle platform and a new SUV car in Vigo. In 2017, shortly before Mariano Rajoy left Moncloa, the Government of Spain provided the aforementioned aid of 20.7 million euros since it corresponded to the maximum percentage allowed with respect to the investment that was planned to be used. many doubts. In 2019the European Commission was already beginning to doubt the legality or compatibility of this aid. In a document submitted thenquestioned whether the subsidies provided were meeting the criteria to create employment in the area. In said letter, PSA was already invited and the Government of Spain has explained the reason for this aid. In that document, the European Commission questioned whether the positive effects of the aid outweighed the negative ones and, therefore, that the decision to financially support the company with those more than 20 million euros was not economically doping its commitment to our country instead of taking production to the Trnava plant (Slovakia) with which Vigo competed. According to the European Commission, it believed that both plants were competing on equal terms and that the socioeconomic context of the Slovaks was no worse than that of Vigo. Furthermore, they pointed out that the defense that this aid helped preserve employment in Galicia in the face of a possible relocation to Morocco (a position defended by Spain) was not sufficient because PSA had already previously relocated other vehicles that were previously manufactured in Spain. Seven years of research. Already in 2020, Europe continued to defend that the Commission had its doubts “regarding the contribution of investment projects to the development of the region in question”, as they stated in elDiario.es. Then it was thought that the company’s true intention was to improve the factory facilities with the sole objective of improving the company’s competitiveness but that it had nothing to do with an improvement in innovation and local investments. There were even doubts about the compatibility of being able to deliver these aid to a company like PCAE (the Spanish subsidiary of PSA). One of the most compelling reasons presented by the European Commission is, as they point out in The Worldthe choice of the Vigo company to the detriment of the Slovaks. And it is considered that opting for a more economically developed region to receive aid contravenes the principles of cohesion of the European Union, which prevents the delivery of this type of subsidies. Case closed. Now, the Government of Spain has notified the European Commission that it is withdrawing the subsidy of 20.7 million euros. He has done it because he cannot prove its legality. As the money has not yet been delivered, the European Commission has closed the investigation, they explain in the Galician media. praza.gal. At this time, Spain has not been able to demonstrate that the number of jobs increased after the aid was granted nor that it represented an economic boost in the region. In fact, it was possible that the number of jobs could even be reduced, as they point out in Motorpassion. During this time, the money has not been delivered because it remained frozen with the European investigation. Now we know that Stellantis will not charge it. Photo | Stellantis In Xataka | The Stellantis factory in Figueruelas has been looking for a reconversion plan for years. You already have it: make Chinese electric cars

150 years ago, Spain made a unique decision in the world. Ouigo and Iryo believe that Renfe uses it to get them out of the market

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They have no rolling stock. And the worst of all (for them) is that they are not going to have it. Ouigo, Iryo and a third rolling stock company have raised their voices before the National Markets and Competition Commission (CNMC) to make it clear that the current system with two gauges of track reduces their competitiveness in our country compared to Renfe. And it doesn’t seem like it’s going to change in the short term. What has happened? The CNMC has published a document with the name “Report on technical barriers to the provision of railway services”. It sets out the challenges and interventions that Spain should carry out in the coming years. It specifies that the Spanish railway system has the obligation to improve interoperability with its neighboring countries, both to facilitate the flow of passengers and goods. But there is a drawback: the track widths. And this inconvenience has a very relevant economic impact. They complain. In the document the different postures are collected of those involved. And it states that “Ouigo, Iryo and a rolling stock manufacturer (which is not specified) warn that the uncertainty regarding the schedule and details of the Gauge Migration Plan, as well as the unification of the electrification system and the implementation of the ERTMS signaling system, makes decision-making on strategic investments difficult, and they ask that the Gauge Migration Plan be prepared and published as soon as possible.” In short: the two operators and the rolling stock manufacturer complain that Adif does not have a clear plan as to whether the Iberian high-speed track gauges are going to adapt to European standards, which move in standard gauge. The same happens with the unification of the electrification system and the definitive implementation of the ERTMS system. And they defend themselves. The position of Adif and Renfe is set out in the same document. Both companies “point out that incorporating gauge change technology in the rolling stock and infrastructure is less expensive and entails fewer interruptions in traffic than the migration of the infrastructure. On the other hand, both the AESF and the DG of the Railway Sector indicate that, in addition to Talgo, there is a second manufacturer of variable gauge rolling stock for high speed, CAF, although they admit that it is currently only approved to operate at 250 km/h.” In short: neither Renfe nor Adif They believe that adapting to the standard width is economically profitable given the high economic impact. The bottleneck. What Ouigo and Iryo defend is that the current situation and the commitment to trains with wide gauge technology leaves them behind. They have two reasons to maintain this. CAF can supply trains with this technology but they are only approved to travel at a maximum of 250 km/h. Talgo is the only company with this technology with approval to circulate up to 350 km/h. They are known as Talgo AVRIL but their production is committed to Renfe. And the results are not satisfactory either.. Beyond these two manufacturers, no one seems to want to get involved in the production of trains capable of changing tracks between standard and Iberian gauge. And the fact is that their production means meeting a demand that is still a niche or a rarity in the world railway system. Very juicy. The reluctance of Adif and Renfe is not strange either. For Adif it would mean a huge investment that has to be able to make profitable with the rest of the operators when the vast majority of current corridors in Spain already operate with standard gauge. For its part, Renfe does not want to let go of this trick either. Right now, the high speed to Galicia needs trains that are capable of moving between the Iberian gauge and the standard gauge if you do not want to transfer and the Spanish company is the only one that has the trains for this. The Galician corridor has also emerged as one of the most profitable. Travel has grown so much that it has made airlines retreat and now that they have to liberalize the line, maintaining the current situation guarantees that they will continue to be the only ones that will be able to offer this trip without transfers, which is a clear competitive advantage. Photo | Falk2 In Xataka | “Whoever wants to come, should invest”: Ouigo wanted to enter the Madrid-Galicia AVE but now sees it as impossible before 2030

Spain has been looking for a way to make mass tourism more digestible for years. The US threatens to do the job for her

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In 2025, Spain was left with the desire to reach the 100 million tourists foreigners. Now a cloud on the other side of the Atlantic threatens to move that milestone further away also in 2026. In a turbulent scenario, conditioned by the warthe brent barrel climbing and domestic politics, more and more Americans are rethinking their trips abroad. This is suggested by at least one report from the consulting firm Cirium, which has detected a “puncture” both in flight reservations between Europe and the US and (and here is the key) from the US to Europe. The data is relevant because the flow of Americans connects with other fronts that affect Spain, such as the demand of the tourism sector or the housing. A percentage: 11.2%. The data has advanced it USA Today. In a chronicle on tourism and international travel patterns, the newspaper slips a couple of data from the consulting firm Cirium that leave a clear reading: the demand for transatlantic flights is suffering. And quite obviously. According to their analysis, reservations from Europe to the United States have experienced a year-on-year decrease (July 2025-July 2026) of 15.34%. In the opposite direction, from the United States to Europe, a drop of 11.19% has also been recorded. Country of origin Tourists (2025) AVERAGE expenditure per tourist € (2025) United Kingdom 19,084,423 1,240 France 12,767,491 908 Germany 12,050,833 1,317 Italy 5,704,989 956 Netherlands 5,007,641 1,423 USA 4,456,665 2,297 Portugal 3,383,482 602 The alarms go off. The falls are striking, but they are even more shocking when compared to measurements that the consultancy managed at the beginning of the year. The outlook they drew at that time was also negative and predicted falls, but not so abrupt. Europe-US reserves pointed to a decline of 14.22% and US-Europe reserves of 7.27%. The reading is clear: travel forecasts have worsened, especially those of Americans. Why is it important? That the US has lost appeal among foreign tourists is no surprise. In 2025, after the return of Donald Trump to the White House and the trade and immigration war with which his mandate began, there began to be talk of a tourist boycott to the country of the stars and stripes. In 2026 the outlook is not simple either. The US has the powerful claim of the World Cup (it is the host along with Mexico and Canada), but the year has still started losing travelers and Oxford Economics estimates that, despite the ‘FIFA effect’, 2026 will close with a discreet growth tourism of 3.9%. What is striking about Cirium’s analysis is that the flow of tourists does not seem to be suffering only in the ‘USA direction’. Demand also pushes in the opposite direction, from Americans themselves, who are less interested in crossing the pond to visit Europe. USA Today cites two cases: reservations to Frankfurt have been reduced by 26.8% and those to London by 11.31%. Half surprise. The truth is that Cirium’s data only confirms the forecasts released several months ago by YouGov, which in December published a study in which he already warned that Americans would face their international vacations with some “caution” in 2026. The report left out some percentages for reflection. For example, 60% of those surveyed admitted that they never traveled abroad for pleasure, something that is largely explained by the cost of flying. Another interesting fact is that 43% admit to having traveled less abroad during the last year. But… And why is that? There is no single answer. When talking about the decline in demand in December, YouGov slid two factors why Americans pack less now. First, due to “economic uncertainty”, a reason cited by almost a third (28%) of those surveyed. Second, due to the increased cost of travel, something that 18% complained about. Since then the picture has become more complex. Added to the uncertainty are geopolitical tensions and the conflict in the Middle East, which, remember USA Todaybeyond the rise in oil prices, has “revived fears of terrorism.” The newspaper recalls that messages like the one left not long ago by Jeh Johnson, former Secretary of Homeland Security, about the security risks derived from the war in Iran weigh on US travelers. There would be another factor influencing Americans’ flight plans. The prolonged government shutdown from the end of 2025 has increased the burden on the Transportation Security Administration (TSA), which partly translates into long lines at the country’s airports. Now we add the changes to the airport map caused by the war in Iran, the foreseeable increase in the cost of transportation and flight cancellation due to increased costs. Does Spain care? Yes. The US is not only a world power. It also represents an important fishing ground for tourists and expats interested in spending time in our country. According to data from the INE, last year Spain received 96.8 million of foreign visitors. Of them some 4.4 million (almost 5%) came from the US, making it one of the main foreign markets. Its average expenditure per person is also high: 2,297 euros in 2025, above the average (1,392) and nations like Germany. Its weight is relevant if Spain wants to reach the goal of 100 million visitors. It is also felt in another market closely connected to tourism: housing. Both through vacation rentals and the expatswhich in recent years have set their sights on the European market due to their attractiveness. In fact there are experts who they already warn that there are areas like Mallorca that are arousing more and more appetite among Americans looking for luxury homes. Image | Martijn Vonk (Unsplash) In Xataka | China stripped Japan of its tourists in hopes of causing an economic hole. Nothing could be further from reality

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