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Editorial: El Español

  • Carlos Cuerpo replaces Nadia Calviño, inheriting an economy that needs to face severe economic adjustments, control inflation, and reduce the deficit committed to Brussels.
  • Cuerpo also needs to adapt the Spanish economy to the new European fiscal rules and refinance a debt of 140,000 million euros.
  • He faces challenges at a time of uncertainty, as 2024 is expected to be a complicated year for the Spanish economy.
  • The article suggests a possible parallel with the substitution of Solbes by Salgado in 2009, which marked the beginning of a major economic crisis.
  • Unlike Salgado, Cuerpo has a more technical profile, but his political and international weight is less than Calviño's.
  • Cuerpo has to face populist and high public spending policies and maintain the confidence of the business sector.

Conclusion: The appointment of Cuerpo raises questions about how he will handle the economic challenges and current political pressure, given the growing uncertainty about the Spanish economy.