Fernando Rodríguez |Javier Cremades is chairman of The Spanish Association for Minority Shareholders of Listed Companies (AEMEC). The association probably represents the most important group of former Popular shareholders on the map of litigants which seems to be being created. Cremades gives his view on this case and on other issues like the divided image foreign investors have of Spain.
Fernando Barciela | “In the 2008 crisis, the only car assembly industry where production expanded was in Spain. It’s only through crises that you find maximum efficiency. They are good for making everyone react and put every effort they can into improving the production chain. In fact, in CIE we are always going through some crisis or other,” explains Jesús María Herrera Barandiarán, CEO of CIE Automotive.
Fernando Rodríguez | The Spanish equity market is benefitting from the idea that Spain is one of the eurozone countries which is going to do better. And then there is the effect of low oil prices, which is doubly beneficial for Spain compared with Germany or France.
The Laffer curve, named after Arthur Laffer, demonstrates, in a conceptual and educational way, that from a certain level of tax onwards, revenues fall because people don’t have any incentive to work. And the Supply Economy originated from this.
Argemino Barro | The Conference Board is a non-profitable organisation set up just over half a century ago by 12 big corporations to soften their public image during a time of social unrest. Nowadays it offers analytic tools for different sectors of the economy and has 1,200 companies from 60 countries as partners. Its chief economist, Gad Levanon, analyses here the situation of the US economy in the Trump era.
Board member at Iberdrola and Tubacex, Manuel Moreu Munaiz believes relocation has increased unfair competitition in industry in Spain.
Fernando Rodríguez | There are over 200 FinTech companies in Spain. Some are going full speed ahead with a variety of banking and investment activities: price comparisons, collective funding, loans and payments, ‘robo advisor’, property…”It’s all about offering more possibilities and more access to a more transparent market,” says Jesús Pérez president of the Spanish Association of FinTech and InsurTech.
“We are in a situation where retired people’s pensions are bigger than the salaries paid to the people working in the jobs they left. Something has broken down. All the education and infrastructures we have created should be directed towards a society with decent salaries,” says Alejandro Legarda Zaragüeta, who knows the ins and outs of Spanish industry after 20 years as managing director of CAF.
Daniel Stemler |”Nord Stream 2 is promoting the idea that EU law does not apply to offshore pipeline. The Gas Directive lacks a provision regarding a pipeline connecting a Member State with a 3rd country, meaning it makes the applicability of EU general law principles difficult for Nord Stream 2. However, to say that EU law does not apply is wholly false.”
The real problem with Italy’s banking system is not the new EU legislation but its poor supervision, which means the system does not function. Imposing European regulation on this system means that instead of penalising the investors who took risks or the hedge funds, you destroy the small investors.