interviews

Hermann Simon, chairman of Simon-Kucher

“Spanish industry does very little to promote a dual training system adaptable to the needs of today”

“…One of the reasons for the high level of youth unemployment in Spain has to do with the fact that companies hardly get involved in the dual training system,” explains Hermann Simon the chairman of Simon-Kucher, the preferred consultancy firm of the “hidden champions,” those German mid-cap companies which compete globally. “Spain’s level of innovation is very weak…the whole country cannot live just off tourism services.”


Spain institutional investors

“In Spain, institutional investors have always been too conservative”

Fernando Rodríguez | Ignacio Gómez-Montejo is the director of ICR Institutional Investment, manager of Equity Arbitrage, the only fund of funds Hedge Fund which is continuing to sell products in this category in Spain. He knows very well Spanish investors behaviour given his 25 years long experience in the financial sphere.


Carmen Barreda

“Coal Still Accounts For 20% Of Our Electricity Generation: Even More In 2016”

“We are still generating 20% of our electricity with coal and this increased in 2016 compared with the previous year…It’s cheaper than gas. And that’s the point: no matter how much we try to establish targets, companies operate on a day-to-day basis, look for economic efficiency and use the cheapest form of energy available,” says Carmen Gómez de Barreda, board member at Red Eléctrica.


Greece debt

“What Is Clear Is That Greece Cannot Pay Its Debt And Will Never Pay It”

“What is clear is that Greece cannot pay its debt and will never pay it. There needs to be an acquittance. And European legislation does not allow for waivering of debt. What they are going to do now, and it should have been done seven years ago, is to modify the conditions in such a way that the debt will be practically waivered,” says Spanish economist Fernando Eguidazu, as he leaves his Foreign Office post of Secretary of State for the European Union.


Trump policies

“The Positive Side Of Trump’s Policies Is Reflation”

Gustavo Matías |Donald Trump’s victory has been welcomed by the markets but it has opened the door to a new scenario of uncertainty for monetary policies. President of Renta 4 Bank Juan Carlos Ureta believes that interest rate hikes are now urgent to achieve “monetary normalisation”.


Ebro Foods' CEO

“Paying 10 times EBITDA is starting to become the norm”

Ebro Foods is the leading rice producer in the world and number two in pasta. It is no longer a sugar company but a group with a large portfolio of diversified products. It has won the respect of giants in the industry like Nestlé or the Mars Group.




cabiedes

“There Are Lots Of Amateurs In Spain Using Public Money For Venture Capital”

Luis Martín Cabiedes started investing in technology ‘startups’ in 1998,first as a ‘business angel’ and then via his own venture capital firm (Cabiedes & Partners SCR). He has invested in over 80 companies, including Ole, Myalert, Privalia and Trovit. He points that there are venture capital funds in Spain with 90% of public money.”


gustavo-colombia

“There Is No Capital Flight In Colombia, Quite The Contrary”

Guillermo Pérez Flórez | Colombia’s government and the FARC signed a peace deal after 52 years of war. On the economic front, Carlos Gustavo Cano, co-director of Colombia’s central bank, is firmly in favour of raising interest rates to try to contain inflation, as well as allowing the opening of dollar accounts.