The figure of the former head of government has generated debate, but an analysis focused on the economy reveals a complex legacy. At the start of his term at La Moncloa, Spain had sound public finances, a budget surplus, and public debt equivalent to 45.4% of the GDP. The labor market was approaching full employment in many regions. However, by the end of his tenure, the public deficit stood near 10%, unemployment exceeded five million people (21.5% of the active population), and public debt surpassed 70% of the GDP.
While the international financial crisis of 2008 had a severe impact, the political response was characterized by an initial denial of the situation's gravity. Measures such as the "E" Plan or the 400-euro voucher, intended to stimulate the economy, increased indebtedness without notable positive effects, worsening the recession.
The economic situation forced Spain to implement a severe adjustment program after the bailout of countries like Greece. Measures included freezing pensions, reducing public servant salaries, increasing taxes such as VAT and income tax, and reinstating the Wealth Tax. Financial restructuring and the electricity system's deficit also presented significant challenges.
Considering this legacy as an argument to cover up indications, which in hours will be evidence, of an alleged corruption scheme like the one we have learned about, is pathetic, another indefensible and unjustified mass deception.
In light of indications of alleged corruption schemes, it is considered unacceptable to use the economic legacy to justify or conceal such situations. Defending the presumption of innocence and supporting judicial work are fundamental, in contrast to inventing narratives detached from reality.
