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Impact on Spanish businesses in Argentina by end of 2024
5
Spain•Buenos Aires•Argentina•Javier Milei•Spanish•Pedro Sánchez•Begoña Gómez•Madrid•Milei•Vox•Santiago Abascal•Gómez
Resolution / Starting Odds
Expansion of operations • 33%
Reduction of operations • 33%
No impact on operations • 34%
Financial reports of major Spanish businesses and statements from business associations
Story
Spain Recalls Ambassador After Argentina's Milei Calls PM's Wife 'Corrupt' at Madrid Rally on May 19
May 20, 2024, 07:00 AM
Spain has recalled its ambassador to Buenos Aires after Argentina's President Javier Milei made derogatory comments about Spanish Prime Minister Pedro Sánchez’s wife, Begoña Gómez, during a far-right rally in Madrid on May 19. Milei, who attended the conservative Vox conference led by Santiago Abascal, called Gómez 'corrupt,' which has sparked a diplomatic row between the two nations. Spain has also summoned Argentina's envoy and demanded a public apology from Milei. The diplomatic tension has intensified, with Argentina stating it has nothing to apologize for. Spanish businesses have also condemned Milei’s comments, emphasizing that such remarks are not in the tone of friendly relations between the two countries.
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Increase in foreign investment • 33%
No significant change in foreign investment • 33%
Decrease in foreign investment • 34%
Significant decrease in trade volume • 33%
Minor or no impact on trade volume • 33%
Improvement in trade relations • 34%
More Modern • 33%
Less Attractive • 33%
No Significant Change • 34%
Above 3% • 33%
Between 0% and 3% • 33%
Negative growth • 33%
Positive Impact • 33%
Negative Impact • 33%
No Significant Impact • 34%
Further tax reductions • 25%
New privatizations • 25%
Increased public spending • 25%
No significant changes • 25%
Successful in reducing inflation significantly • 33%
Moderate success with limited reduction in inflation • 33%
Unsuccessful with inflation remaining high or increasing • 34%
Diplomatic ties maintained but strained • 33%
Additional diplomatic actions taken • 33%
Diplomatic ties normalized • 34%
Increase • 33%
Decrease • 33%
No significant change • 34%