Storm Leonardo: Evacuations and Flooding Impact in Iberia
globalbankingandfinance.com
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Friday, February 6, 2026
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11610 Grazalema, Cádiz, Spain
Storm Leonardo has triggered a major humanitarian and economic crisis across the Iberian Peninsula, forcing thousands of evacuations and causing significant agricultural damage. In Spain's Andalusia region, over 7,000 people have been displaced, with the mountain village of Grazalema seeing 1,500 residents evacuated due to the risk of structural collapses from waterlogged aquifers. Authorities are monitoring the Guadalquivir River in Cordoba, which is near bursting its banks. In Portugal, Prime Minister Luis Montenegro has extended a state of calamity for 69 municipalities as rivers like the Tagus reach red alert levels. The town of Alcacer do Sal remains semi-submerged, and the economic impact on Spain's olive harvest is already estimated at 200 million euros. With Storm Marta expected to bring additional rainfall, the region faces a high risk of landslides and further flooding due to soil saturation.