Spain’s Government Downplays Blackout’s True Economic Impact

Spain’s Government Downplays Blackout’s True Economic Impact

When a massive power outage hit the Iberian Peninsula on April 28th, it plunged large parts of Spain into darkness and froze key industries for hours. Officially labeled a “zero energy” event, the blackout remains shrouded in mystery: no conclusive technical explanation has been made public, nor has any accountability been established. But the economic consequences are surfacing—and they are far from minor. This week, the Ministry of Economy ins…