How can the obstruction of Spain and Portugal affect the economies of Spain
propagandanumerous Workers They were forced Leave your positions In Spain and Portugal at noon, after a Important blackout This will affect phone lines, access to the Internet, cards payments, and leaving citizens without light.
The Portuguese electric operator said that it was because of a “A phenomenon in the uncommon atmosphere” Concerning intense changes in The temperature in Spain. The President of the European Union Council, Antonio Costa, ruled out Cyber attack As a reason for recovery and denial of rumors. REN stated that in the worst cases, services may take up to a week to return to normal.
The Spanish economy is “temporarily launched”
Basically, the Spanish economy is stopped throughout the day, which means that companies will be affected by the short term, but in the end the total interruption will be likely marginal“Provided that the electricity returns relatively soon,” said Ballinger Group Currency Market.
Kyle Chapman added: “I think the biggest anxiety will be the state of infrastructure and Recovery capacityThis can slightly harm GDP growth. I think we may see how the main problems of expansion Renewable energy“.
the Spanish economy 3.2 % grew in 2024, more than twice the average eurozone (0.9 %). The local demand strengthened expansion, while tourism also contributed to growth. In Portugal, growth was 1.9 % in 2024, according to Portugal statistics.
A decrease in production to return to the workers’ house
Batries Barber, residing in Madrid and a Spanish engineering company, told “Euronws” that it was sent to the home early in the afternoon because of I could not continue his work.
“I was working normally until 12:30. I held a meeting online from my office … and the partner that I was talking about at the meeting Dismissal Suddenly because he was calling from his home. It is likely to be connected to another internet operator that has already decreased. The other companions who were at the meeting continued, just like me. “
After that, Beatriz said that its computer screens remained in black and that it was “connected to the Internet in my laptop but not on my phone for half an hour or so. After that time, I no longer have the internet in my laptop. It was a gradual collapse“Clear.” I told my team’s managers that we could return home after that, as we could not continue to work, and it was expected that the electricity network was expected to recover several hours.
Sectors affected by blackout
in spite of Economic impact It will not be completely known until the lives are subside, and the travel sector will notice the pressure, as the electricity cut Trains And caused important disturbances in Airports. Eduardo Brito, Operations Chief Electric red From Spain, reporters told that it had an unprecedented event and described the event as “exceptional and unusual.”
As Mirko Woitzzik, Head of Intelligence of Eversato Analytics, referred to “Euronews” how Fuel supplyThis hinders transportation on the Iberian Peninsula. He said Car and truck factoriesFrom Ford to Evco, who use about 5,000 workers, too They had paralyzed.
In addition, thousands of Young suppliers Without the electrical reserve supply, they are also affected. He also indicated that the main Manufacturing industries Spanish supply chains include cars, food production, as well as chemicals.
European market reaction to blackout
At 17:30 CEST, European markets Show a MicroorganismWith the main indicators in positive lands. he Ibex 35The Spanish Stock Exchange Index increased by 0.75 % to 13,456.10 points, while Eurostoxx 600, a wide indicator of the European variable income market, got 0.53 % to 523.19 points.
In France, CAC 40 increased by 0.50 %, to 7,573.76 points, German Dax, 0.13 %, to 22,271.67 points. Italian FTSE also moved in green, with 0.31 % at the end of the market.
