Drought pushes Spain’s rainiest city into water crisis

The irony of Spain's wettest city running dry is a useful reminder that water risk is about variability and storage, not just average rainfall — a distinction that matters for the data-center and industrial water demand often bundled into RWA and infrastructure narratives. The dispute between local and regional authorities over declaring an emergency is the real signal here: governance friction can delay rationing and investment decisions even when the physical stress is obvious. Whether the standoff resolves into a formal emergency declaration, and how reservoir levels track through the coming weeks, is the open question worth watching.