Spain Responds to US Criticism Amid Rapid Economic Growth and Youth Housing Crisis

Spain's Economy Minister Carlos Cuerpo has called for European Union unity and proactive leadership in response to the Trump administration's harsh criticism of Europe. The US National Security Strategy questioned Europe's policies and warned of potential decline, labeling European leadership as "weak." Cuerpo emphasized that Spain, one of the fastest-growing economies in the eurozone with an expected 2.9% growth this year, exemplifies the benefits of EU membership and urged deeper integration among member states. Despite strong economic performance, Spain faces significant social challenges, particularly regarding youth housing affordability. Research from CSIC highlights that young Spaniards earn an average of 1,170 euros monthly but must allocate 92% of their salaries to rent, making independent living nearly impossible for most. Only 15.2% of young people can afford to leave their family homes—the lowest rate in 18 years—while 74% of employed youth live with their parents. With homeownership requiring about 14 years of saving a full salary, almost 20% of working youth are at risk of poverty or social exclusion. This situation contrasts sharply with Spain's overall economic growth and brings to light the urgent social issues that remain unaddressed despite the country's positive economic indicators. Cuerpo acknowledged Spain's continuing commitment to the EU amid external criticism and internal challenges, including political disputes over budget approvals that undermine governance stability.