Post by account_disabled on Mar 10, 2024 5:50:31 GMT -5
In 2023, the economy is moving on a rope called inflation , at the risk of falling into the void . The problem is that while it parades, that rope trembles, shaken back and forth by Vladimir Putin and the monetary authorities. As if that were not enough, Spain will have to elect a new Government without losing its balance. What happens in the coming months will depend on the movements of a few people. These are the 9 political leaders, businessmen and bankers who will have the future of the Spanish economy in their hands in 2023. Since the energy crisis and its impact on prices, with Putin behind; to interest rate increases and how they affect European households, companies and governments, led by Christine Lagarde; passing through the new government that is emerging in Spain under the challenge of alleviating the bite of inflation without it becoming entrenched in the economy. Russian leader Vladimir Putin Russian leader Vladimir Putin. Russian leader Vladimir Putin.
REUTERS/RIA Novosti Important for: If Vladimir Putin moves a finger, the entire row of economic dominoes could topple. Right now, "everything is very conditioned by the energy crisis and what happens with gas," explains María Jesús Fernández, senior economist at Funcas. What Russia does will condition economic activity, inflation and, therefore, monetary policy. Key to follow: The WhatsApp Number List greatest fear is a definitive cutoff of energy supplies by Russia . This would hit hard the economies most dependent on Russian energy, including Germany, the European locomotive. If Germany were to enter a severe recession, it would end up dragging down Spain . This is without taking into account that a cut in the energy supply would imply a rise in prices, adding more gasoline to the fire of inflation. How long does it take for Spain to catch a cold if Germany sneezes?: The risk of recession for the economy Ignacio Sánchez Galán, CEO of Iberdrola The CEO of Iberdrola, Ignacio Sánchez Galán.
The CEO of Iberdrola, Ignacio Sánchez Galán. Important for: The Government's shock plan to lower the price of electricity, added to the extraordinary tax on the profits of energy companies, has hit the balance sheet of electricity companies squarely. Endesa has recognized an impact of 400 million euros , and Iberdrola estimates that it will be somewhat less. Key to follow: The CEO of Iberdrola, Ignacio Sánchez Galán, has not only announced that he will appeal the measure to the courts, but these latest movements have affected the company's strategic plans, which will leave less money in Spain. Of the 47,000 million euros that it plans to invest in the coming years, only 13% (around 6,000 million) will stay in Spain. "We are suffering decisions with which we do not agree. We look for the countries that give us the best return, stability. Spain does not offer that security," said Sánchez Galán, although he clarifies that he could change his mind if the extraordinary taxes are withdrawn . ECB President Christine Lagarde The president of the ECB, Christine Lagarde.