The President of the Government, Pedro Sánchez, warned this Wednesday that, in just one month of war in the Middle East, the Ibex 35 has registered a decline of close to 9%, which translates into a loss of over 100,000 million euros in market capitalization of the large Spanish listed companies.
“The Ibex 35 has accumulated a 9% fall, which means that Spanish companies in just one month of conflict have lost more than 100 billion euros,” warned the head of the Executive in his appearance, at his own request, in the Congress of Deputies to report on the Government's position regarding the war in the Middle East.
From the Congress rostrum, Sánchez has emphasized the economic impact of this “illegal war”, stressing that, in the case of the Ibex 35, the conflict has implied a reduction close to 5,000 million euros per day of hostilities.
At the same time, the president has highlighted that, during this period, diesel and gas prices have soared by up to 35% and 95%, respectively, since the outbreak of the war.
A 5 billion response plan
Given this scenario, Sánchez has asserted that, following the line of action applied after the start of the invasion of Ukraine, the Executive has launched a specific plan of response to the war in the Middle East, with which, as he has highlighted, "the largest social shield in the entire European Union" has been raised until now.
The plan has an allocation of 5 billion euros, channeled into direct aid to the most affected sectors, fiscal measures and other actions aimed at cushioning the economic blow on 20 million households and 3 million companies.
“Evidently, every bomb that falls in the Middle East ends up hitting, and we are already seeing it, the pockets of our families”, affirmed the head of the Executive, who has expressed before the Chamber his confidence that the package of measures can be validated this Thursday in Congress.