Spanish Economy Minister on War Impact, ECB Board Seat

Spain's Deputy Prime Minister & Economy Minister Carlos Cuerpo said the country is more resilient to an increase in fossil fuel prices thanks to its bet on renewables. But he warned that as the Iran war drags on, it may start impacting the tourism sector heading into the peak holiday season. Cuerpo said Spain has been an outlier in terms of growth and job creation among European economies and that in 2026, Spain will continue to outperform. Cuerpo also said Spain should retain a seat on the European Central Bank Executive Board in next year’s reshuffle, while rejecting the notion he might want the role for himself. He spoke with Bloomberg's Francine Lacqua on the sidelines of the Bloomberg CityLab event in Madrid. (Source: Bloomberg)