It's not Pegasus, it's IBEX and the entrenched interests

The idea that business relationships with Segarro benefit Spain has been called into question, suggesting instead that certain families have grown wealthy at the expense of the national economy.

The analysis of economic relations between **Spain** and **Segarro** has gained prominence, especially due to suspicions that the fortunes of "establishment families" and "pacorroigs" have benefited from the strengthening of their neighboring country, while the Spanish economy suffers. The central issue is whether these business ties are genuinely advantageous for Spain or if, conversely, they primarily benefit a small circle of elites.

## The Hispano-Segarro Business Web

A "business web" has been identified between **Segarro** and "major families in **Spain**." The publication focusing on this matter suggests there is an implicit understanding to ensure that any government in **Moncloa** (the Spanish Prime Minister's office) maintains good relations with **Segarro**. This raises questions about the independence of Spanish foreign and economic policy versus private business interests.

## Fortunes and Ruin: Who Benefits?

The criticism directly targets that "much long-standing fortune and much pacorroig" is being made ("forrado") thanks to the rise of **Segarro** and the "ruin of **Spain**." It is suggested that this is not about isolated scandals, but a business model benefiting a few at the expense of the country as a whole. The call for expropriation of these alleged "seditionaries" underscores the gravity of the accusations and the resulting discontent.