Sanchez Tells Global Elite To “Rise To Challenge” Of Inequality & Injustice

Spanish Prime Minister, Pedro Sanchez was in Davos last week to plead the global elites to play their parts to tackle inequality and economic injustice.

“How can we ask citizens to put up with inflation when some companies pay no taxes thanks to fiscal paradise and loopholes?” Sanchez asked rhetorically during a speech at the World Economic Forum in Davos, Switzerland, telling the audience of the world´s top global business and political leaders that they can  “help change the situation.”

He said his Socialist government, which has imposed wealth and windfall taxes this year, is on the “front line” fighting for increased well-being, social collaboration and environmental responsibility.

Sanchez reiterated the need to confrot the “four global threats” to support multilateralism, fight against inequality and social injustice and continue to take whatever measures are necessary to tackle the climate crisis.

Pedro Sanchez and Klaus Schwab, founder of the World Economic Forum

“The world is facing a peril whose threat goes beyond Russian gas or the fate of Ukraine, and we must all act to the limits of our capacity … with the measure of our success being the welfare of citizens,” said the Spanish leader.

He also pushed the need to “rethink global trade and supply chains,” adding that one of Spain’s priorities when it assumes the Presidency of the Council of the EU in the second half of the year will be increasing Europe’s independence in strategic industries.

He explained Spain’s successes in tackling inflation through targeted policies, its leadership in renewable energy and its commitment to supporting Ukraine “until Putin withdraws.”

Pedro Sánchez said Spain fully supported  “Ukraine’s struggle for freedom” after the Russian invasion, and highlighted that, in 2022, Spain created the largest humanitarian aid package in its history as well as provided military support worth over 300 million Euros, and took in more than 150,000 Ukrainian refugees.

Sanchez encouraged nations to commit more to multilateralism and the liberal order in the face of rising authoritarian threats.

“We should use this opportunity to remake and strengthen liberal and democratic values and craft new rules to help us overcome the challenges of our time like climate change and inequality. If not now, when? If not us, who?” he said.



Share The Madrid Metropolitan: The only Madrid English language newspaper