How can the power outage of Spanish and the Portuguese economy be affected?

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On Monday, in Spain and Portugal, a large number of workers had to leave their positions after a large disconnection of electricity, which influenced telephone lines, Internet access, cards and leave citizens without light.

The Portuguese electricity operator REN said that the deduction was caused by a “rare atmospheric phenomenon” regarding extreme changes in temperature in Spain.

The President of the EU Council Antonio Costa, on the other hand, announced that the deduction was caused by cyber attack and rejected rumors.

The Spanish economy is temporarily “closed”

“In fact, the Spanish economy was closed throughout the day, which means that enterprises would receive a short -term blow, but the overall deduction will probably be insignificant, provided that the electricity is returning in a relatively short time,” he said.

The operator REN announced that the worst script could find a week to return to normal services.

Kyle Chepman continued: “I think that the biggest problem will be associated with the status of infrastructure and endurance, and this GDP can damage growth at a monthly level. I think that the main problems associated with the spread of renewable energy. ”

The Spanish economy grew by 3.2 percent in 2024 and was more than twice as much as the average in the euro -zone by 0.9 percent. While internal demand increased growth, tourism contributed to this positive picture.

According to Portuguese statistics, the growth of the Iberian Peninsula in another country fell to 1.9 percent in 2024.

Loss of production

Beatrice Barber, who lives in Madrid and worked in the Spanish engineering company, said that he was sent home in the afternoon because he could not continue his work.

“I worked normally until 12.30. I had a meeting on the Internet from my office … And my colleague who spoke at the meeting was suddenly reduced because they were at home. They were probably connected with another Internet operator who had already collapsed. Very few of my colleagues were like me. “

After this moment, the Beatriz screens darkened, and “for half an hour on the laptop is connected to the Internet, but not by phone,” he said.

“After this time, there was no Internet on my laptop. This is a stage collapse, ”he explained.

“My boss told me that we can go home from this moment, because we cannot continue to work, and it is expected that it will restore the electricity network within a few hours.”

Sectors affected by turning off electricity

Although the economic impact of economic impact will not be completely known, the travel sector felt this pressure because the power outage stopped the train trip and caused large failures at the airports.

The Red Electrica Operations Manager Eduardo Odoardo called the journalists “exceptional and extraordinary” and interpreted him as an “unprecedented situation”.

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The President of the Everstream Analytics Intelligence Mirko Woitzik told Euronews how the supply of fuel was interrupted and how he prevented the transportation of trucks on the Iberian Peninsula.

He said that at the factories of cars and trucks, in which about 5,000 workers from Ford to IVECO worked.

In addition, thousands of small suppliers without enough generator can be affected.

On the other hand, the main production industry and Spanish supply chains include cars, food production and chemicals.

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The reaction of the interruption of European markets

As of 17:30, European markets showed a small effect with all the main indices in a positive region. The main indicator of the Spanish stock market, IBEX 35 increased by 0.75 percent to 13.456.10, while Eurostoxx, which is a wide criterion of the European stock market, increased to 523.19 with an increase of 0.53 percent.

At the same time, CAC 40 in France increased by 0.50 percent to 7.573.76 points, while DAX increased by 0.13 percent to 22.271.67 points. FTSE MIB in Italy was traded in green with an increase of 0.31 percent when the market is closed.