President Donald Trump criticized Spain for not agreeing to new defense spending targets adopted by NATO and suggested the country could face tariffs twice as high from the US.
Trump stated that the US is negotiating a trade deal with Spain and threatened to make them pay twice as much, which caused Spain's benchmark stock index to extend its losses.
Spanish officials dismissed Trump's tariff threat, emphasizing that the European Commission handles trade matters for the EU and that individual member states don't negotiate trade deals on their own.
I think it is important to note, if the social security is considered part of the budget or not. For instance in Germany it is not, however social security contributions cannot cover the rising pensions, so the German federal budget cross finances the pension fund heavily.
As for taxation, the Spanish taxes are lower than in Germany afaik.
Ah funny things. In France the social security system is supposed to be self contained and at equilibrium. But politicians have been stealing the budget for years and now says social security spending are unsustainable.
According to Euronews, they are similar