12 Minutes With - The Europe Interview Spanish Economy Minister Carlos Cuerpo | How did Spain become the eurozone's fastest-growing economy?
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Dec 13, 2025 Carlos Cuerpo, Spain’s economy minister, discusses how Spain has emerged as the eurozone's fastest-growing economy. He emphasizes the importance of structural reforms and highlights the positive role of migration in boosting economic growth. Cuerpo points out Spain's expansion beyond tourism into high-value services and a thriving startup scene. He also addresses the impact of EU recovery funds on digital and green investments, arguing for a more ambitious EU budget to support further growth.
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Act With Urgency To Counter Critics
- Carlos Cuerpo says Europe's reaction should move from reacting to taking urgent, deadline-driven action.
- He argues proving critics wrong requires enacting and delivering concrete policy roadmaps.
Growth Is Structural Not Cyclical
- Spain sees its current growth as structural, not just cyclical or temporary.
- The government targets sustained potential GDP growth around 2%, roughly double pre-COVID levels.
High-Value Services Drive Change
- Carlos Cuerpo points to shifts toward high-value non-tourism services and rising startup activity as evidence of structural change.
- Spain exports more IT and financial services and ranks third fastest in startup growth recently.