Editorial: El Mundo

• Political instability and institutional crisis in Spain damage the economy and demand ambitious and sustainable reforms.
• The Bank of Spain reveals that these issues represent an opportunity cost for long-term growth.
• The tension precipitated by President Sanchez's attempted resignation has emphasized uncertainty and has harmed Spain's international image.
• Spain's GDP grew by 0.7% in the first quarter, reflecting a surprising economic resilience.
• The increase in investment, although continually below pre-pandemic levels, indicates a certain level of business confidence.
• The government's fiscal pressure through income tax will punish the middle class.
• The pending reform of housing and pensions is essential for securing Spain's prosperous future.

Conclusion: It's crucial for Spain to tackle political instability, institutional crisis, and fiscal pressure with consensus and resolve to spur long-term reforms and not miss out on future growth opportunities.

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