Spain is not only one of the European countries where the Corona hysteria was successfully enacted, but also the fifth most indebted country in the world. State bankruptcy seems to be just around the corner. That is why the left-wing socialist government is in the process of passing a law allowing expropriations of private property and a “corralito”.
The latter means that the state can access the savings people have in their bank accounts. In such “crisis situations”, the citizen would only have the right to withdraw smaller sums. The rest of the money could be “temporarily” confiscated. The maximum amount would be determined by the authority of the respective country, the portal La Información explained in March 2021.
At that time, the portal still claimed that this would only affect sums over 100 000 euros. But that is water under the bridge: On 26 May 2022, the left-wing socialist government of Pedro Sánchez announced that the tax authorities could now confiscate all savings exceeding the minimum wage.
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