Reuters, 13/01 11:47 CET
Madrid, Jan 13 ( EFE ) .- The Director of the Economic Office of the President, Alvaro Nadal, highlighted that Spain is one of the best stories of “success” economic thanks to the “Spanish recipe” based on macroeconomic stability and structural reforms.
During his participation in the opening ceremony of the V edition of the Financial Forum Spain Investors Day ( SID ) and with nearly 200 foreign investors, Nadal has highlighted the recovery of the Spanish economy and its growth in 2015, “probably” more than 2%.
In this sense has ensured that the end is a Spanish recipe for “success” when followed “things are going well and but no good results”, and stated that relies on boosting competitiveness through adjustment costs, prices and increase supply and own production.
In this regard, he assured that “the Spanish case has been the most successful for more competitiveness” in the European Union, while He emphasized the “huge and total commitment” of all EU countries to “Europe’s success.”
In this way he referred to the upcoming Greek elections and reiterated that “it must be clear “one who has gone against the unity of Europe” has lost “.
” The EU is the boldest experiment in the history of mankind, “he said, reiterating that political commitment” is full “although acknowledged that Europe lacks internal credibility.
has also ensured that need more fiscal and political integration within the EU, as Europe must change its” rigidity “.
In this forum, which also involved the Secretary of State for Trade, Jaime García-Legaz, attended by 39 Spanish companies, 80% of the Ibex 35.
García-Legaz has highlighted the strong growth of Spanish exports compared to those of its major trading partners and increased export companies, which has doubled in the past four years to 150,000.
He also said that foreign investors have regained confidence in the Spanish economy and pointed out that there are over 12,000 international companies investing in Spain, generating more than a million jobs.
“Spain is the largest foreign investor in Europe and fourth in the world, “he added, while highlighted the” strong “foreign investment in the Spanish automotive industry.
The profile of investors, García-Legaz has said that since 2013 there has been an increase in investment from Latin America, to “continue in 2014 and coming years.”
Meanwhile, Álvaro Nadal has also been very optimistic in the short and medium term to the development of investment and the economy of Spain and recalled that in late 2011 there was an approach to whether the country had to “return to the peseta” and leave the euro to face the recession.
“This really spoke when we came to power. It is not science fiction, “he said, although he indicated that the PP government knew both politically and economically could not do this strategy.
” There was not enough money to rescue the Spanish economy ” , which -HA señalado- Executive chose to be more competitive, adjusting costs, prices and pushing through structural reforms.
However, Nadal has recognized that to implement these reforms has been necessary “courageously politics “because” it has not been easy and is a tear “.
The director of the Economic Office of the Prime Minister has said that the Executive’s policy will continue on the path of gaining competitiveness in the next years.
The Spain Investors Day count as strategic partners with BNP Paribas, Exane BNP Paribas, and sponsored by Grant Thornton and AON .
The event is also supported by CECABANK , the ICEX and the Prisa Group and the Agency EFE as media partners and Study Communication as a promotional partner and organizer.
euronews published from Reuters as, but not involved in the published articles.
Copyright 2015 EFE.
No comments:
Post a Comment