DOS events has given us a week. One, the debate on competitiveness in the European Union, with an agreement in principle to stabilize public finances, a common front against aggressive markets, harmonization of competition between countries and regions in the Eurozone, and promote training, research and infrastructure. There is a six-point agenda which is to prevent wages affect competitiveness, encourage internal mobility of labor, harmonization of corporate taxation, pension adapt to demographic changes, public debt limit and attempt to control the financial system. During his visit to Spain, Angela Merkel has insisted on some points of this program, which is both a European Commission proposal as a commitment by governments. It is relatively
easy design of economic policy, how hard is the day to day, where we find that employees do not feel responsible for the organization of their business and productivity, to move within the Eurozone is complicated because many people are unwilling to make the effort to master other languages, it seems impossible for politicians and officials are committed to eliminating red tape business, and, finally, there is no way to practically improve financing for small and medium enterprises.
The other issue was the presentation by the Secretary of State for Economic Affairs in London, a report titled: Spain: policy measures towards a sustainable and balanced growth, where it is argued, first, that the reforms are working, especially in relation to the financial system and reforms in the labor market (including the announcement that will be given flexibility companies in March to sign their own agreements outside the collective). There is also talk of market reforms, reducing regulation and administrative intervention. In a second chapter defends the government's ability to control the budget, including that of autonomy. This is the most comprehensive, because it is reassuring to investors in English debt, and in fact has had be convincing because the debt was placed on Thursday by half a point less than in the previous auction.
However, in the third chapter on growth, it bypasses the problem of real estate on the assumption that one day will be adjusted, this is the crux of the problem, and it is difficult to explain how you will grow the economy and create jobs while others replaced the construction activities. With data from the fourth chapter on the management of debt, clear doubts about the liquidity and ability to refinance the treasure. Finally, the report has made quiet a debt investors regarding the solvency of Spain and its financial system, but from point of view of employment and harmonization of productivity, it is not clear alternative to the mobility of the workforce, and companies within the EU. Gumersindo
easy design of economic policy, how hard is the day to day, where we find that employees do not feel responsible for the organization of their business and productivity, to move within the Eurozone is complicated because many people are unwilling to make the effort to master other languages, it seems impossible for politicians and officials are committed to eliminating red tape business, and, finally, there is no way to practically improve financing for small and medium enterprises.
The other issue was the presentation by the Secretary of State for Economic Affairs in London, a report titled: Spain: policy measures towards a sustainable and balanced growth, where it is argued, first, that the reforms are working, especially in relation to the financial system and reforms in the labor market (including the announcement that will be given flexibility companies in March to sign their own agreements outside the collective). There is also talk of market reforms, reducing regulation and administrative intervention. In a second chapter defends the government's ability to control the budget, including that of autonomy. This is the most comprehensive, because it is reassuring to investors in English debt, and in fact has had be convincing because the debt was placed on Thursday by half a point less than in the previous auction.
However, in the third chapter on growth, it bypasses the problem of real estate on the assumption that one day will be adjusted, this is the crux of the problem, and it is difficult to explain how you will grow the economy and create jobs while others replaced the construction activities. With data from the fourth chapter on the management of debt, clear doubts about the liquidity and ability to refinance the treasure. Finally, the report has made quiet a debt investors regarding the solvency of Spain and its financial system, but from point of view of employment and harmonization of productivity, it is not clear alternative to the mobility of the workforce, and companies within the EU. Gumersindo
Ruiz.
(Grupo Joly 02/08/2011)
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