King Felipe VI took the opportunity during an awards ceremony for small and medium-sized enterprises (SMEs) to encourage business leaders following recent critical comments from Spanish Prime Minister Pedro Sánchez and Minister of Labor Yolanda Díaz regarding the resistance of SMEs to the increase of the Minimum Interprofessional Wage. The King refrained from criticizing the entrepreneurs and instead recognized their essential role in the social cohesion and well-being of the nation. He emphasized the need for a stable environment, clear regulations, and collaborative relationships with the government to enhance the growth and international projection of SMEs.

The King expressed empathy towards the concerns of business associations that have been vocal about their challenges in navigating the changing economic landscape, particularly regarding legal certainty and government support. His statements highlight a significant divide between the government and business community, particularly relating to labor market policies that have been under scrutiny. By advocating for SMEs, the King not only reinforces their importance but also signals the need for collaborative efforts to ensure their sustainability and growth amidst current economic pressures.

This intervention by the King comes at a critical time as Spain navigates various economic challenges, including discussions surrounding wage increases and labor market reforms. By aligning himself with the business sector, the King seeks to unify the efforts of the state and the private sector towards common economic goals, while urging the government to be attentive to the needs of entrepreneurs, particularly in providing a supportive framework for them to thrive in a competitive market.