The president of the Government, Pedro Sanchezhas participated this Tuesday in the Davos World Economic Forum with a more geopolitical discourse than usual at this meeting. The President of the Executive has taken advantage of this appointment with the elites of the company and world politics to advance its agenda for the NATO summit which Madrid will host next June and sell the PERTE of the chips and semiconductors that the Council of Ministers will approve today as a strategic project for European resilience in a world affected by supply chain problems.

With a speech very focused on European values, Pedro Sánchez has also reaffirmed the Spain’s commitment to the defense of Ukraine with some forceful words against the Russian president, Vladimir Putin.

Asked about the NATO summit, the President of the Government confirmed that he will take advantage of this meeting to promote the South Flank in the strategy of the allied countries.

The President of the Government, Pedro Sánchez, in Davos 2022.

Moncloa / Pedro Calvo

It has also been shown eager to welcome two new members into NATO after the request of Finland and Sweden to be part of it and has announced that these two countries will be present at the Summit to be held in Madrid. In addition, it has advanced that it will promote unity between the allies of NATO and the European Union, where not all countries are part of this club.

“The atmosphere and the political will is welcome those two countrieswhich are great, well-established democracies,” said Sánchez when he was interviewed after delivering his speech.

The President of the Government has taken advantage of this intervention to also sell the PERTE (Strategic Projects for Economic Recovery and Transformation) of Spain among investors.

Sánchez has highlighted his commitment to accelerate public-private investment and he recalled that the PERTE will mobilize close to 30,000 million euros of public money from European funds, which will have to be accompanied by a private investment of one euro for each euro invested.

Specifically, he referred to the PERTE that the Council of Ministers will approve this Tuesday to convert Spain in a European supplier of chips and semiconductors. A project with which our country, he has said, “will begin the most advanced race for technology.”


Aware of the attention that investors are paying to Spain’s reform agenda that accompanies investments in European funds, Sánchez focused on commenting on the first data from creation of indefinite employment after the new labor reform to affirm that Spain is taking the necessary steps to improve productivity by reducing precariousness.

In addition, he has pointed out that bet on education as a formula to have a higher quality job.

Before the Davos elites, Sánchez has defended the fundamentals of economics Spain and its ecological transition.

At this point, he has celebrated the imminent launch of the ‘Iberian exception’ with which Spain will be able to “lower prices and get households and companies out of the extreme volatility” of the market.

In his speech, he also spoke about Europe and defended the European response to the pandemic -with vaccines, the SURE employment mechanism and the NGEU funds-. In addition, he has stated that the European Union must strengthen its integration, including in Defense.

Meetings with companies

The President of the Government has taken advantage of this visit to Davos-Klosters (Switzerland) to hold meetings with the top executives of large multinationals.

This Tuesday there was an appointment first thing in the morning with the executive director of Intel CorporationPat Gelsingerr. He will also meet with the executive director of QualcommCristiano Amon, and with the executive director of Micron TechnologySzanjay Mehrotra.

With all of them he will talk, among other things, about the PERTE of microchips and semiconductors.

Sánchez will also hold meetings in this forum with representatives of Spanish companies.

These days he is accompanied by several members of the Government, among them, the Minister of Industry, Commerce and Tourism, Reyes Maroto, the Third Vice President and Minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, or the Minister of Foreign Affairs, European Union and Cooperation, José Manuel Albares.


Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more
Share This:


The News 24 is the place where you get news about the World. we cover almost every topic so that you don’t need to find other sites.

Leave a Reply