Pactos de la Moncloa

The Pactos de la Moncloa were agreements made in 1977 between Spain’s government, trade unions, and business leaders to address the country's economic challenges following Franco’s dictatorship. The main goals were to control inflation, modernize the economy, and promote social stability during Spain’s transition to democracy. These pacts involved measures like wage moderation, economic reforms, and social consensus, helping to stabilize Spain and lay the groundwork for its future growth. They are seen as a crucial step in establishing democratic institutions and fostering economic progress in Spain.