(10 Jun 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Madrid – 10 June 2025
1. Spain’s Economy, Commerce and Business Minister Carlos Cuerpo during interview
2. SOUNDBITE (English) Carlos Cuerpo, Spain’s Economy Minister:
"The record numbers in terms of tourism also pose challenges, and we need to deal with those challenges also for our own population. What we see when looking at the outlook for tourism this year is that we might reach the 100 million. We are a 49 million inhabitants country, and that’s the extent of the attractiveness of our country, but also of the challenge that we have in terms of dealing and providing for a good experience for tourists, but at the same time avoiding and overcharging our own services and our own housing market."
3. Cuerpo during interview
4. SOUNDBITE (English) Carlos Cuerpo, Spain’s Economy Minister:
"Well this is the key challenge for this term, and the government is putting all its efforts to be able to provide housing at affordable costs for our population."
5. Cuerpo during interview
6. SOUNDBITE (English) Carlos Cuerpo, Spain’s Economy Minister:
"There is no silver bullet, of course. But we are, and if I may now concentrate on this front, trying to rebuild the stock of housing with a key view of the the importance of the public supply of housing. We want to rebuild the public stock of housing, with huge investment coming, most of it from the next generation new funds from the recovery plan, but also going forward – for example last week we had a meeting, between the president, between President Sanchez and the presidents of the different regions and the main proposal that was made by the president was to increase threefold the investment, the money that can be invested in new housing supply. So this is by how much we’re willing to engage into rebuilding this this public housing stock."
7. Cuerpo during interview
8. SOUNDBITE (English) Carlos Cuerpo, Spain’s Economy Minister:
++REFERRING TO YOUTH UNEMPLOYMENT++
"It’s still high, it’s above 25%, which is of course one of the main endeavours of this government to bring it down, but you have to look at where we come from. In 2018 it was above 33%. So that’s how much things have improved. Of course we’re not there yet , as I said, we still have a long way to go, but things are going in the in the right direction."
9. Cuerpo during interview
10. SOUNDBITE (English) Carlos Cuerpo, Spain’s Economy Minister:
"We’re still investigating the causes of the blackout. So let’s this line of investigation and analysis unfold on its own, but what I can say about our bid for renewables is that it has only given us a cause for good news, in a sense so because it has proven to be a key element in terms of our competitiveness. So one key competitiveness edge in Spain is the low energy cost, this is proving essential for our firms and also for the attraction of investment."
11. Mid of interview
12. SOUNDBITE (English) Carlos Cuerpo, Spain’s Economy Minister:
"We need to establish that the EU itself has to engage with all major economic powers. And of course we need to have our own take on how to engage with our main trading partner. And that’s why I said at the very beginning that we are being constructive. We want to actually reinforce our ties with the US, but also we need, we cannot fully disengage with respect to other economic actors. There is, of course, as I said, this economic security agenda, a way forward in terms of further engaging with China, Chinese authorities and companies."
13. Wide of traffic moving along a major street
14. Wide of Madrid’s business area
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