Sánchez turns to attract investment for reindustrialization plans

"We, to what is important", Pedro Sánchez usually demands even in the midst of the worst political storms that shake his mandate.

Oliver Thansan
Oliver Thansan
12 March 2023 Sunday 23:26
17 Reads
Sánchez turns to attract investment for reindustrialization plans

"We, to what is important", Pedro Sánchez usually demands even in the midst of the worst political storms that shake his mandate. "Long lights", the President of the Government usually claims to try to put what he considers important for the future before the urgency of a political present that is always convulsed and without respite.

Also already immersed in an intense electoral agenda, Sánchez defends in his rallies the new taxes on financial institutions, energy corporations and large fortunes to combat the effects of the inflationary crisis and the war in Ukraine. A "social democratic recipe" in the face of the crisis that the PSOE has accredited as one of the most positively valued by citizens. According to his internal polls, 78.3% of society highlights this.

And Sánchez expressly confronts these initiatives with the "protests" of the presidents of Banco Santander and Iberdrola, Ana Botín and Ignacio Sánchez Galán, or with the decision, attributed to "personal interests" of Rafael del Pino, to transfer the headquarters of Ferrovial to the Netherlands. The public summons to the president of the CEOE, Antonio Garamendi, are also recurring: the chief executive urged him again, this same Saturday, to negotiate with the unions to "share" the benefits of large companies with their workers.

This image of clash with the business sector, however, contrasts with Sánchez's economic agenda, and this is highlighted in Moncloa. This week it will be evident again, since the Chief Executive will have an agenda "focused" on reindustrialization policies and projects and attracting investment to Spain, at "decisive" moments, as they highlight, on the global stage.

And also before the current Spanish presidency of the European Union that starts on July 1, where the open strategic autonomy of the community club is one of Sánchez's great bets against the clash of colossi between the United States and China, in a strategy even more pressing as a result of the effects of the war in Ukraine.

The head of the Executive will start the week this Monday by accompanying Felipe VI to a visit to the Airbus plant in Getafe –the third largest European aerospace facility–, on the occasion of the centenary of the Aeronautical Construction Foundation (CASA), precursor of the current Airbus, the European aeronautical giant. In the afternoon, Sánchez will receive the top executive of Airbus, the Frenchman Guillaume Faury, at the Moncloa.

And later, this afternoon, Sánchez will also hold a meeting in Moncloa with the executive committee of the ERT (European Round Table for Industry), which brings together nearly 60 managers of large multinational companies with a European parent company in industrial and technological sectors. Among them, José María Álvarez-Pallete, top executive of Telefónica, who is also part of this European industrial forum.

After attending the Spanish-Portuguese summit in Lanzarote, Sánchez will resume his reindustrialization agenda on Thursday, with a meeting in Moncloa with the automotive sector, to accelerate the electrification projects of the automobile, which is expected to be attended by the managers of the main associations of the sector, Anfac, Faconauto and Aedive.

And on Friday, again with the King, the President of the Government will attend the laying of the first stone of the Volkswagen gigafactory in Sagunto, in the Valencian Community.

All this after Sánchez visited the MareNostrum 5 supercomputer facilities last Friday, at the Barcelona Supercomputing Center, where he also announced the creation by Navantia of more than 1,500 direct jobs, which the Government assures will guarantee the activity in the centers of Ferrol, the Bay of Cádiz and Cartagena in the coming years. And that on Saturday he attended the presentation of the Miura 1 launch base in Huelva, the first entirely Spanish rocket, developed by the Alicante-based company PLD Space, which will be launched into space in the coming months.