THE SITUATION DE SPAIN IS DISTRESSING AND THE NATIONAL CAPITAL HIDES.

 

It is not a good moment for the Spanish economy, we already take four years seeing it come and the culmination of the reality that we are hidden still, comes out now to the light that with a conservative government and of right, the national capital of it hides or worse he has left. The truth is that what happens us says a lot and bad of the nationalism of the national companies, our economy lived a wonderful decade, half commanded by the right and a last part by the left, and our companies and managers, many were made of gold, but none consolidates anything in its own country, he made the August like commonly it is said and later one dedicates to drain the hen of the eggs of gold and to use its resources outside of Spain, because he saw that here everything left to the chaos, since the source of revenues was the real estate hit, and the investments of the plans of development of the CE exclusively. 

It has not been a good week for the Spanish economy. The trust seems to have disappeared, and with her the investors that suspect again of our capacity to make in front of our financial commitments. This way, the week it finished with an accumulated fall of the Ibex of more than 2,4% and with the cousin of risk overcoming the 350 basic points. 

The cherry to this situation put it the confusion created by the first Italian minister, Mario Monti, this Saturday who said in a first moment that Spain was giving reasons of concern, and then I soften the words I suppose that noticed by somebody of the CE that put to broth, because the thing is not like to put firewood to the fire in Europe, using as fuel incendiary the disasters of Spain and Italy because that if education lack and tact, on the part of Mario Monti had her to hands or full mouths. 

In fact, this Sunday the newspapers "El Mundo and El Pais" give bill of one of the consequences that had the increment of the concern and it was not another that the king's interest, the King Juan Carlos I, in participating in the monthly meeting of the Managerial "Council for the Competitiveness (CEC) ". At good hours the King takes the action in the topic of the economy, but the most serious thing is not the King's delay, but the government's inability of convincing to the Spanish economy, that he has the situation guided more or less toward some exit airy. 

José Luis Rodriguez Zapatero established this advice last year in February of the, in a meeting in the one that requested the support to his action of Government to the managers, besides his commitment to make the entire possible one to contribute to the employment creation and the financing of the commitments of the State. Naturally it was a pantomime which doesn’t miss me, since it was clear that all the wrongs were loaded to governments of Zapatero disaster. That that if it puts me the tip hair it is that now the PP is, and he is the King the one that have to act, because the economic power (the I authenticate to be able to) he doesn't have any trust in most that the town to chosen so that it governs it and straighten. 

Because well, as they count today "The Country and The World", their majesty requested in this meeting, - outside of official calendar and in private - that the managers "bring closer the shoulder to create employment because the situation is very serious". The meeting took place last Tuesday. As they count the newspapers the king's attendance it was at the request of Zarzuela and organized by the boss of the King's House, Rafael Spottorno, and the president of Telefónica and of the CEC, Caesar Alierta. 

To the CEC, created in February of 2011, the presidents of 17 of the biggest Spanish companies they belong: Telefónica, El Corte Ingles, Mango, Group Barceló, Bank Santander, Works, The Caixa, BBVA, Inditex, Group Planet, Mapfre, ACS, Ferrovial, Half Havas Group, Mercadona, Iberdrola and Repsol, as well as the Institute of the Family Company, and Repsol. It only excused their attendance to the meeting the holder of Repsol, Antonio Brufau, for the problems in that it is immerse the company in Argentina. If they review this bouquet of companies and managers, he would say that only El Corte Ingles, Mercadona, the Caixa, and I suppose that some family manager still has its source of resources in Spain the other ones, its resources are among the 60y 75% outside of our country.  

The King's comments took place in a lunch at the end of the meeting, in which the managers exposed Don Juan Carlos the objectives of impelling the competitiveness and the growth of the Spanish economy that inspired the creation of the Council. That is to say anything of anything, because if they had inspired something by that February of 2011, the unemployment has not almost fallen 4% but, the deficit you doesn't have bolted, and the banks mainly all broken technically would not be. The king transferred them his concern for the economic situation and the unemployment and he requested them individually them to express him his opinions on the perspectives that manage his companies, as well as the evolution that they expect from the employment. 

No newspaper explains which it was the answer of such a select group of Spaniards, but I already count it to him me. You look at highness here in this country there is not already anything to make, there is not industrial fabric to reactivate, because to us he doesn't give us the desire of creating new industry, we prefer to catch our money and to invest them it was that the European, American, Asian governments, etc. pays religiously also to thirty days, we have cheap manpower, and above we are considered multinationals of prestige and solvency, thanks to the fortunes that here made but that nobody you worries that we invested in other business lines, it seems to be that to its governments majesty, it was already well they with the taxes that he received the state for the taxes of IBIS and of the bonus you were worth of the floor sale and houses. 

Now we feel it a lot but the market is open and free, and here unfortunately for you and the society, there is not anything with which to reactivate the situation, and we won't be us those that repatriate our dividends, to invest them in a country of misery with 22% of unemployed, and some unions that alone they worry about looking how to make that the labor mass works little and copper a lot but of what takes place. So I eat up to now it was said in Spain "that they invent” now we also tell him "that they invest” and if there is who make it, then when the country rises we will return, among so much very good the food majesty.