“Spain could not understand” the bonanza period
During his speech, D. Rosell said that bonanza was due “in part to the real estate boom, which resulted in the creation of more than 4 million jobs” associated with that sector. However, as he acknowledged, “we failed this period of bonanza understand”. In the opinion of the President of the Spanish employers, unlike what happened in other Nations “we didn’t realize what was happening, that the crisis was there”, adding some self-criticism by claiming that “did not the Government and the opposition, but neither us entrepreneurs”.
In his speech, he recalled some of the events that have led to the situation of current uncertainty, citing by way of example that the exercises from 2005 to 2007 closed with budget surplus, while public debt stood around 35% of GDP, when it is now close to reaching 100%. “We were not able to maintain revenues at the time that barreling spending. The opposite of what was happening in other countries”. In this connection, one of the major problems of the Spanish economy to the President of the CEOE is the bulging public deficit.
Today, in the words of D. Juan Rosell, one of the fundamental objectives is to stand up to unemployment, perhaps the great concern of citizens and businesses. The CEOE President praised the labour reform carried out by the Government of Spain, whose fruits, he said, will begin to see throughout this 2014. For D. Rosell, changes in employment are not more than “make legal what is real”.
However, also advocated the need for more reforms, especially related to the thinning of the Administration and delve more into other restructurings that have to do with the financial system (in his view was “late” in Europe), not to mention the long-awaited tax reform.
After several years of some “journey in the economic wilderness”, the President of Spanish businesses wanted to give air of optimism thinking of the future. For which it supported in data on exports, the increase in the number of companies of more than 250 workers and figures on trade balances, as well as other indicators that allow to observe the horizon of this 2014 “with a moderately optimistic view”.
ABOUT THE CHP
The Hispanic-Portuguese Chamber of Commerce and industry has a long history, since its founding in 1970 by a group of Spanish and Portuguese businessmen, which has grown to have 200 currently associated, and presence in Andalusia, Basque country, Catalonia, Extremadura, Comunidad de Madrid and Valencia. The camera offers a variety of services to its members, such as legal advice, the Court of arbitration, careers, courses in Portuguese language and advice and support for participation in fairs and events of commercial interest.