“Spanish Companies Have To Make An Effort To Generate Quality Jobs”
Companies have to make an effort to generate quality jobs so the recovery in confidence and consumption ends up being consolidated, says Mutua Madrileña chairman Ignacio Garralda.
Interviews
“Multiple products help to deepen stock markets”
“The stock market’s relevance and its trading volumes increase to the extent there is a good derivatives market, given that this helps neutralise part of the risk of exposure to the stocks. In this sense, multiple products help to deepen the market.”
“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.”
“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.
“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.
“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.
“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”.
“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.
“The EZ Can Be A Global Bank: Intermediating Domestic Savings To Capital-Needy Countries”
The European banking system is much larger than the US’, namely three times –$33.2 trillion against $13.4 trillion. Hung Tran, Executive Managing Director at the Institute of International Finance, explained to The Corner how this could result in the Eurozone becoming one of the world’s lenders.
“What Worries Me Is An Uber, Or An AirBnb In Advertising. It Would Be Disruptive”
Fernando Rodríguez | One of the main fears of the adverstising industry today seems to be the irruption of a distruptive force similar to Uber or Airbnb. Alfonso Rodés, who has been Deputy CEO of Havas Media Group since 2011, explains why the sector is not so different from the hotel one.