I hate to break it to you, but Google are not the only game in town. There are plenty of news aggregators (that generate revenue e.g., from advertising), and plenty of places that would be only too happy to step in and be the news-site-of-choice for the customers Google is leaving. Google departing the market will not "hurt Spain" in any meaningful way.

Of course, there are famous Spanish news aggregators like Menéame, which unlike Google can't abandon the boat and are already considering closing the website or banning any local news source. The "tax" imposed by this law is too big for making any aggregator profitable, and like other similar Spanish "taxes" managed by private entities, the law is so ambigous that you can't even expect to be fined nly once.

> There are plenty of news aggregators (that generate revenue e.g., from advertising), and plenty of places that would be only too happy to step in and be the news-site-of-choice for the customers Google is leaving.

The consensus in Spain is that this law is very bad for ALL of the aggregators