| ▲ | hunterpayne 9 hours ago | ||||||||||||||||||||||
The article is a mix of facts and figures on the supply side. However, the real reason for the current cheap prices is the lack of demand. Spain's economy isn't doing well and they have hurt their tourism industry with politics. That's most of the reason for the temporarily cheap power that they mostly import from their neighbor. Being dishonest about their energy policy is pure politics. | |||||||||||||||||||||||
| ▲ | cheema33 8 hours ago | parent | next [-] | ||||||||||||||||||||||
> Spain's economy isn't doing well and they have hurt their tourism industry with politics. I don't live in Spain. And this is the first I have heard about their politics keeping tourists away. Can you elaborate? | |||||||||||||||||||||||
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| ▲ | tzs 6 hours ago | parent | prev | next [-] | ||||||||||||||||||||||
How have they hurt tourism? According to the data here [1] tourism has been going up every year since 1996 except for a moderate hit during the 2008 recession and a big hit during COVID. | |||||||||||||||||||||||
| ▲ | throwaway_2626 8 hours ago | parent | prev [-] | ||||||||||||||||||||||
Spain's energy policy could easily be improved, but saying that Spain's economy isn't doing well is disingenuous. In terms of GDP, it's one of the countries with the fastest growth in the EU [1]. Also, our economy is becoming more diversified, precisely thanks to lower energy prices that attract industries that previously gravitated towards Germany and Eastern Europe. [2] I'm curious about how politics have hurt tourism industry, though, if you could elaborate. [1] https://ec.europa.eu/eurostat/web/products-euro-indicators/w... [2] https://www.reuters.com/world/china/stellantis-chinas-leapmo... | |||||||||||||||||||||||
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