Feijóo tiene un plan B por si no hay acuerdo con el Gobierno sobre los aranceles

Key Points

The Partido Popular (PP) in Spain is developing a backup plan to address the economic fallout from US tariffs, in case negotiations with the Spanish government fail. This plan involves specific fiscal measures and long-term strategies to assist affected businesses and industries.

While talks between the government and PP are ongoing, the PP has concerns over the government's approach, believing that its reliance on credit and guarantees isn't sufficient. The PP wants concrete fiscal measures and reforms.

PP's Plan B

This plan B, spearheaded by Alberto Núñez Feijóo, will be presented to parliament. It focuses on transforming the country's industry rather than addressing only short-term issues. Key components include:

• Elimination of the tax on electricity production.
• Lower social security contributions for impacted sectors.
• Incentives for agriculture.
• Extending the lifespan of nuclear power plants.
• Development of a water infrastructure plan.

The PP seeks support for its plan from other parties, including the PNV and Junts, highlighting the proposal's potential appeal beyond its own party lines. There is an element of pressure to influence the government's actions and to justify the PP's stance.

Negotiation Status

While conversations between the PP's Juan Bravo and the government's Carlos Cuerpo are ongoing and described as having greater rapport than previous negotiators, mutual distrust remains due to previous government agreements. The PP senses that the government isn't receptive to its proposals and views the potential support for the government as conditional upon concessions.