Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes and a package of 80 measures, with a total budget of 5 billion, aimed at combating the effects of the war in the Middle East. (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez arrives to attend a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)

Spain's Prime Minister Pedro Sanchez gives a press conference following an extraordinary cabinet meeting about the energy crisis, at the Moncloa Palace in Madrid on March 20, 2026. Pedro Sanchez has announced a 'drastic cut' in energy taxes (Photo by Pierre-Philippe MARCOU / AFP via Getty Images)