The massive power failure on Monday caused economic damage of around 1.6 billion euros in Spain, according to the CEOE entrepreneurial association. This corresponds to about 0.1 points of the gross domestic product (GDP), the association said on request.
The newspaper “El País” reported that some bank analysts even calculated with losses of 2.25 billion to 4.5 billion euros. However, other experts were: According to the sheet, the damage was lower because some production failures could still be compensated for in the course of the year.
A number of companies had to interrupt production
The power failed had largely paralyzed the country for more than ten hours.
Many shops and restaurants excluded prematurely, ATMs failed and card payment was no longer possible everywhere. Construction sites stood still, long-distance trains remained in the tunnels on the open route and subway.
There was no reliable information about the cause of the largest power failure in the country’s history. Spain’s government announced a minute examination. The electricity had also failed in Portugal on Monday.