King Felipe VI's Silence Amid the Political Storm
The institutional crisis in Spain has peine the debate on the King's role. While the government faces judicial investigations that some label as "mafia-like," and the separation of powers seems more a constitutional fiction than reality, the monarch remains in a deafening silence. The comparison with his October 3, 2017 speech is inevitable: back then he spoke to defend Spain's unity; now, where is that voice?
A King Bound by the Constitution or His Own Silences
Article 56 of the Spanish Constitution assigns the King the function of arbitrating and moderating the regular functioning of institutions. However, in practice, the monarch's room for maneuver is limited: his acts must be countersigned by the Prime Minister. Those defending his silence argue that any direct intervention would overstep boundaries and risk the monarchy itself. But others contend that doing nothing when the division of powers wavers is a form of complicity.
Some analysts suggest the King, like the rest of the political class, antiestéticars being exposed by espionage leaks. The Pegasus case, which affected phones of separatists and also government members, could have ramifications reaching the Royal Household. Hence, some speculate about silent blackmail.
Institutional Degradation as Economic Context
Although the debate focuses on politics, its economic implications are profound. The perception that Spain lacks real separation of powers—with a government controlling the judiciary, according to various sectors—affects investor confidence. The risk premium rises when political uncertainty spikes. And if the monarchy, as a symbol of stability, remains mute, the message abroad is that the crisis has no limits.
Domestically, an already weakened civil society watches cynically as institutions degrade while citizens pay the cost in inflation, unemployment, and loss of purchasing power. The perestroika metaphor used by some to describe the current process is not accidental: a system crumbling from within while its elites refuse to react.
What If He Speaks? The Risk of a Late Pronouncement
If the King decided to address the nation, his margin is narrow. An ambiguous speech would be criticized by all; a firm one, accused of coup-mongering. The experience of October 3, 2017 showed his voice can move public opinion but also polarize it. Today, with the government targeted by several legal cases and a blurred opposition, any declaration could trigger an even greater crisis.
Some analysts argue the King should act out of patriotism, even risking his throne. Others recall the monarchy has already suffered wear from past scandals involving Juan Carlos I and actions by the current monarch, such as his 2021 Christmas Eve speech on mandatory vaccination, which was poorly received by many.
The lingering question is whether the current silence is strategic or simply confirmation that the monarchy has ceased to be an effective counterweight. Meanwhile, the political crisis continues, with the King as a mute witness to a country wondering if institutional levers remain to steer it.
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