SHARE
COPY LINK

ENERGY

VIDEO: ‘Take your ties off’, Spain’s PM says in bid to save energy

Spain’s Prime Minister Pedro Sánchez has made a bizarre callout by asking office workers across the country to follow his lead in ditching their ties as a means of using less air-conditioning, and thus saving energy.

SPAIN-POLITICS-ENERGY-TIE-ENERGY
"As you can see, I'm not wearing a tie," Sánchez said, pointing at his open neck during a press conference in Madrid.(Photo by JAVIER SORIANO / AFP)

In a move some might be surprised was even necessary given Spain’s famously hot climate, Sánchez urged office workers to follow his own tie-free lead.

“As you can see, I’m not wearing a tie,” said Sánchez, smiling broadly, pointing to his open neck shirt during a news conference in Madrid on Friday.

Click on the play button below to watch the video:

Feeling a little more comfortable would save energy if it resulted in less air-conditioning being used, he said.

“This means that we can all save energy,” he argued, adding that he had asked all ministers and public officials to stop wearing ties and hoped the private sector would also follow suit.

The Spanish government is on Monday set to adopt a set of “urgent” energy-saving measures, Sánchez said, “in line with what other European countries do”, without elaborating.

Following Moscow’s invasion of Ukraine, the European Commission released in mid-May a €210-billion plan aiming to boost renewable energies and reduce energy consumption to put an end to dependency on Russian gas.

In response, Spain has adopted several measures including encouraging remote work and the limiting of air conditioning in offices in summer and radiators in winter.

 
The 27 EU states also agreed on Tuesday “to reduce their gas demand by 15 percent compared to their average consumption in the past five years, between August 1st 2022 and March 31st 2023, with measures of their own choice,” the European Council said in a statement.

Several German cities said this week they would step up efforts to save energy, with Hanover in the north announcing plans to only offer cold showers at public pools and sports centres and Berlin switching off spotlights illuminating its historic monuments.

 

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

MONEY

What’s the maximum amount you should have in a current bank account in Spain?

Most people in Spain only have one bank account and use it for all different purposes, but what happens when you manage to save up a bit? Here's the official advice on Spanish savings accounts.

What’s the maximum amount you should have in a current bank account in Spain?

Our bank accounts are used for many day-to-day activities such as paying bills, receiving paychecks and buying groceries, but is there a maximum amount of money you should have in your account at one time? And what should you do if you go over this amount?

While there isn’t an official maximum amount that you should have in your current account, the Organisation of Users and Consumers (OCU) advises that your current account only be used for certain amounts and everything over that should be put into different accounts.

According to the OCU, in your main bank account, where you receive your salary, pension or other significant payments, you should have a maximum of three months of your salary.

So for example, if you earn the minimum wage of €1,000 per month in Spain, then the maximum you should have in your current account is €3,000.

READ ALSO – Ask the expert: What are the best UK banks for Brits in Spain?

They advise that you don’t want to go too much under this amount either because you want to make sure you have accessible cash to use when you need it, as well as for possible emergencies. They also suggest checking your account balance regularly to make sure you don’t go into the red and don’t incur extra bank fees.

But equally, you don’t want to have too much in your account and keep all your savings in one place for security reasons.

Savings accounts

The OCU recommends opening a savings account or cuenta ahorro for any amounts greater than three times your salary, rather than keeping it all together in your current account.

Most banks have various types of savings accounts with different interest rates and different fixed terms where you’ll have to keep your money in for a certain amount of time.

For money you’ll need in the short term, but not right away, the OCU suggests putting it into a fixed-rate savings account (cuenta ahorro plazo fijo) for 12 months, but warn that if you need the money before the year is out then you may have to pay fines take it out.

For money that you know you won’t need in the short term, the OCU advises putting it into a long-term investment or a fixed-rate savings account for longer than one year. “For amounts that you don’t plan on touching in the next five or ten years, it’s advisable to make a little profit on it, however, keep in mind there may be seasons in which you suffer some losses too”, they said.

Savings over €100,000

For anyone that has savings over €100,000 in any type of account, it’s important to distribute the amount over various accounts warn the OCU.

This is because during an economic collapse or bank failure, you will not be covered by the EU Deposit Guarantee Fund, which is only able to guarantee the repayment of your money up to €100,000.

SHOW COMMENTS