THE PROBLEMS DE SPAIN ALTHOUGH HE DOESN'T LIKE TO HEAR IT THEY CONTINUE BEING REMINISCENCE OF AN EMPIRE THAT YOU RUINS

THE PROBLEMS DE SPAIN ALTHOUGH HE DOESN'T LIKE TO HEAR IT THEY CONTINUE BEING REMINISCENCE OF AN EMPIRE THAT YOU RUINS 

It points out it the British newspaper "Financial Times", the foreign investors consider that in Spain it is abused of the practice of crossing participations among shareholders of sought-after companies, what reduces the independence of the corporations and their attractiveness for the international community. This shows it that of 35  sought-after of the Ibex, 15 are connected with other societies of the selective one, and the figure would arrive at 19 if it is included Bankia, (recently retired of this index). In the game of crossing investments participate the biggest corporations in the country, especially banks, energy and groups of infrastructures that is to say the managerial conglomerates that were monopolies of the state until Franco's death. 

This makes him to be impossible the reactivation of the economy because this it is not really liberalized since among some few ones they dominate everything. It is said that the world of the Spanish business can still be a reduced, and worse place, it can be an I authenticate "bunker" from where any reformation, or association is bombarded that comes of the exterior. This way, the economy, the politics, and because not to tell it the Spanish society, it is either in some few old friends' hands that are possibly still greeted raising the palm of the hand above their heads, sharing a bottle of Rioja in the best restaurants in Madrid, or class partners, or even the same blood, and I not eat of the famous "Box of the Bernabéu of Madrid", good part of the managerial elite of the country, has knots that are narrowed along generations." 

The significant companies of Spain come derived of The managerial privatizations of the old State Monopolies that in the face of the necessity of being presented as a new democratic country the Spanish state had to take the step antimonopoly, but as good Spaniards he made it masking the reality not changing it, so I carry out a tangle of connections among them that seeming that it privatized them, the reality is that they were in hands of the same forks of actions and favors that the dictatorship had paid and protected until then. This interconnection has its best reflection in the crossings of participations in the Ibex, begun in good part with the privatizations in eighty ninety, in those that the banks and boxes entered in the old monopolies, especially in Telefónica, Repsol and Natural Gas. 

Those movements allowed on one hand offering a stable flow of dividends to the financial entities and, for other, to guarantee the españolidad and the possession of the big corporations of the country, in hands faithful followers of the national Spain of which were daughters, that this form was protected of "depredators" so much foreign as of the same ones other Spaniards that doesn't come from the central elite and it lasts of the Spanish nation.  

This abuse of the participation crossings discourages the foreign investors at the present time, and he drowns to the expansion of other intents of conglomerates managerial Spaniards that they are contained or lacking capital to expand in the own Spanish floor, because the scarce money in great way, is dedicated to maintain the oligarchy, or they are even hindered with thousands of bureaucratic impediments if they can represent an uncomfortable competition for the Spanish nationalist nucleus, the certain thing is that this "anachronism", it can suppose something more than alone a shareholders topic. It can have some commercial agreements or hidden interests of difficult valuation. The result of everything is it, for us, an enormous limitation for the attractiveness that you interest and foreign capitals, they could have interest in to invest and to participate in many sought-after Spanish, thing that in the serious more than desirable current situation. 

Certain that maybe the crisis this model is threatening and forcing many from the bank entities to not invest in sought-after companies, to those that is not considered part of the 'core business' national, but meanwhile nobody can predict how much more we will suffer the Spaniards, totally captive of our own false greatness that neither she eats neither she allows to eat anybody, fearing her own moral and managerial weakness. And I eat example of that exposed the "Financial Times" it includes some examples of the net of crossed participations, among those that the investments of the BBVA are appreciated in ACS, Telefónica or BME; of the Santander in Bankinter, Ferrovial and BME; of Bankia in BME, Indra, Metrovacesa, IAG or Sacyr; and of The Caixa in Telefónica, BME, Abertis and Repsol that in turn participates in Natural Gas Fenosa. And this way it adds and it continues