Annual Meeting Cercle d'Economia

From Feijóo's elephant to Pedro Sánchez's rabbit

Pedro Sánchez during his intervention at the Annual Meeting of the Cercle d'Economia
03/06/2026
2 min

BarcelonaThere was great interest in seeing the surprise that Pedro Sánchez was preparing in his speech at the closing of the annual meeting of the Cercle d'Economia, that is, the rabbit he would pull out of the hat. At last year's edition, for example, he announced an unprecedented consultation on BBVA's takeover bid for Banco Sabadell, a merger that failed last October.

On this occasion, he assured a large audience that this very week the ministerial order with the general guidelines for the State budgets of 2027 will be published, which would be the first of this legislature. He said this just as all the comments outside the sessions of this annual meeting revolved around the possibility of an end of a cycle and legislature. Sánchez wanted to dismiss the avalanche of judicial cases affecting the PSOE. As if nothing were happening.

which would be the first of this legislature. He said it just when pelotazo) to that of work, he allowed himself to value that the PP finally recognizes Junts, after not doing so, to whom Feijóo demands intervention in a motion of no confidence. He sees it as positive that thanks to measures such as the amnesty, the Spanish right will be able to get along with the Basque and Catalan right again.

In short, Sánchez landed at the Cercle with the intention of projecting the image of a Spanish government that is not paralyzed, despite what the opposition claims. Hence the rabbit pulled out of the hat by the author of the Manual de resistencia, in the form of a budget project, just when everyone took for granted that the legislature was over and after failing to approve any in the three years of the legislature. A rabbit, we will see with what possibility of survival in front of the mysterious elephant in the room to which Feijóo referred during his speech on Tuesday at the Cercle, without clarifying if he was indirectly talking about the motion of no confidence and the Junts response

that he belittled.

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