Spain’s Cabinet approved the second part of an anti‑crisis package, allocating 0.25% of GDP to mitigate the impact of the war in the Near East. The expenditure is the biggest single European fiscal response to the conflict, highlighting how geopolitical shocks are translating into domestic budgetary pressures. Spanish Government,Ministry of Economy,EU institutions (as benchmark) Parliamentary scrutiny of the spending,Possible additional tranches if the war escalates,EU review of state‑aid compliance The Spanish government announced it will approve the second tranche of its anti‑crisis plan, having already mobilised funds equal to a quarter of a percent of GDP – roughly four times the EU average. This move reflects Madrid’s assessment that the conflict in the Near East poses a tangible risk to its fiscal position, prompting a pre‑emptive fiscal buffer. While the amount remains modest in absolute terms, the relative scale signals a heightened sensitivity among European capitals to spill‑over effects from regional instability.
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