Spanish Prime Minister Pedro Sánchez is brimming with optimism about the economy on his seventh trip to New York to participate in the U.N. General A

Spanish PM Sánchez in New York: ‘Europe needs reforms to avoid falling behind in the most cutting-edge technological sectors’

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2024-10-04 17:00:04

Spanish Prime Minister Pedro Sánchez is brimming with optimism about the economy on his seventh trip to New York to participate in the U.N. General Assembly. During his speech at the forum Latin America, the United States and Spain in the Global Economy — organized by EL PAÍS and the Spain-U.S. Chamber of Commerce, and sponsored by DLA Piper, Iberia, Inditex, Indra, NTT Data and Total Protect in collaboration with the Organization of Ibero-American States (OEI) — Sánchez even joked about the fact that in Spain no one talks about positive data, so he wanted to be clear: “Spain is experiencing one of the best moments in recent decades, this must also be said abroad.”

At the forum, Sánchez defended his government’s policies and, above all, its commitment to public investment and stepping in to improve markets facing challenges, such as the energy market. It’s an approach that contrasts to the “neoliberal dogma” that, in his opinion, failed in the previous decade, when authorities in Europe implemented sweeping austerity policies.

In a context in which world leaders such as Argentine President Javier Milei, as well as former U.S. president Donald Trump, are leading a crusade against the state, Sánchez defends the opposite and is seeking to become a benchmark that shows that social democratic policies are more successful economically. In his opinion, after six years in government — first led by the Spanish Socialist Party (PSOE), then in a coalition with Unidas Podemos — the data from Spain shows that this is the case.