JP Marin Arece | Prime Minister Pedro Sánchez repeats this slogan many times when faced with the topic of Spain’s economy. Former vice president Nadia Calviño offered a more rational approach to this complacent assessment. Although growth has been slow, it ranks higher than other European countries and promotes reasonable employment rates even in a depressed environment. Prices are gradually being controlled. Excessive public deficits and debt are no more outrageous than others. Spain appears to be in a slightly better situation than most of its neighbors. Only the coalition partners, led by Vice President Yolanda Díaz, have firmly condemned this rosy picture, with families facing increasing difficulties to secure decent jobs or find affordable housing as the month ends. It emphasizes that. The opposition from within the cabinet is evidence of the current turmoil in Spanish politics.
However, personal income remains at the same level as it was decades ago, dragged down by declining productivity. As low-value-added services account for an increasing share of GDP and industry plummets, the economy is unable to provide quality jobs or future-proof investment. The government ignores these shortfalls by promising shorter working hours, higher minimum wages, and generous pension compensation. Perhaps the government is taking this populist stance to hide its humiliating subordination to Catalan separatist leader Puigdemont. Mr. Sánchez must pay an increasing ransom to keep his position as prime minister.
A cabinet lacking internal cohesion, dominated by a rabble-rousing and motley caucus of supporters, held hostage by a capricious leader eager to settle past grudges, and rarely capable of delivering predictable policy. . They also fail to inspire complete trust and confidence and therefore fail to provide the core values expected of those who govern the country. The situation in Spain does not appear to be as good as Sanchez pretends it is.