Depaw Business Track

Posts Tagged ‘Spain’

The Prime Minister, José Luis Rodríguez Zapatero, said today that “there are no plans on the horizon of having to make new adjustment measures, although he has made ??clear that Spain has regained market confidence “will not lower our guard.”

At a press conference in Beijing at the end of a meeting with Chinese investors, Zapatero has stressed that “Spain has done its homework” with its fiscal consolidation and reforms, has ensured that will meet the forecast deficit and noted that its economy will grow gradually, but “will cost more” regain employment.

Stressing that the confidence shown by Chinese investors in Spain coincides with the view of most analysts, has considered the request for assistance made by Portugal to the EU “has put an end to the risks” of sovereign debt euro area.

In his view, the results of the “efforts” made by Spain have generated increasingly widespread view at the IMF, the European Commission, OECD and among the major investment funds, “Spain generates enough confidence to to say that we will meet the deficit. “

In so far as to achieve more confidence in Spain, pointed out, will advance the recovery and growth and speed recovery when there will be “more slack in fiscal policies.”

In fact, as stated, the Government’s intention is to adopt “incentive measures”, whether or not fiscal stimulus.

In this context, he recalled that the country has to implement all the reforms adopted in the framework of the EU, the euro pact with measures to increase competitiveness.

Zapatero intended to send a “message of hope” to Portugal, Ireland and Greece, which faces a “difficult task” and has insisted that Spain will not relax but now enjoy an atmosphere of confidence in the markets.

“We will not let our guard down, Spain still needs to complete reforms” and should remain “firm” in austerity, said recalling, for example, that collective bargaining should be reformed, increasing export capacity in the country and attract investment.

Zapatero has stressed the confidence shown by the Chinese authorities and investment funds in Spain and China has ensured that is based on a “thorough knowledge” of the situation in the country, its economic, reforms approved Treasury’s ability and potential for growth.

The Spanish chief executive has given the press conference after meeting with the Spanish ambassador’s residence in Beijing with officials of the Bank of China, the People’s Bank of China, the State Administration of Foreign Exchange, the Citic Bank, Investment Corporation Banking Regulatory Commission.

The Chinese capital investment in the sector would be “very important” and in this context, it has been worth the commitment of Prime Minister Wen Jiabao, yesterday announced that state agencies will invest in Spanish savings banks.

Also stressed China’s interest by Spanish infrastructure and, in particular, for the privatization of 49 percent of AENA, the private management of the major airports in the country and the plan of public-private collaboration in large projects.

As noted, there is also an important field of cooperation between Chinese and Spanish in Spain, in Europe and in Latin America where Spanish firms can increase their presence in China funding.

“Latin America and China are very interested to know that a good way to reach Latin America is going through Spain,” he insisted.

Six of the ten construction companies who have more awards of public works in the world are Spanish, recalled.

Zapatero is aware that if a country has a strong presence in China and “positioning” in Asia in the medium term “Left Behind” and considered that Spain now has a “strategic project” on the continent.

Spain is the sixth country in the Organisation for Economic Cooperation and Development (OECD) for differences between men and women in unpaid work.

An OECD report published today confirms that the Spanish spend little time that unpaid work, mainly housework, responsibility for which discharge into Spanish.

According to the annual “Panorama of the Society” the Spanish spend an hour and three quarters per day on unpaid work, while women in the country employ three hours and seven minutes.

Those 187 minutes of difference are overcome by the 223 in Italy, 232 in Portugal, 260, 261, Turkey and Mexico, and are above the 148 average in the OECD and 57 minutes away from Denmark.

The Spanish are the ninth of a total of 25 states of the organization for which figures are available, that more time engaged in these activities not paid for (mainly housework), behind the Turkish, Mexican, Portuguese, Italian, Australian, Irish, Polish and New Zealand.

Similarly, Spanish men are among the least work at home: only apply unless the Koreans, Japanese, Portuguese and Italian.

In any case, the unpaid work in Spain represent 41% of Gross Domestic Product (GDP), according to OECD estimates, which together account for one third of the wealth generated.

In four countries the burden of unpaid activity is higher than in Spain, Japan (42%), New Zealand (43%), Australia (46%) and Portugal (53%).

The study “A View of Society” confirmed that Spain, with 81.2 years, is one of the countries with the highest life expectancy, considerably above the average of 79.3 years in the entire organization

Spain is the sixth country in the Organisation for Economic Cooperation and Development (OECD) for differences between men and women in unpaid work.

An OECD report published today confirms that the Spanish spend little time that unpaid work, mainly housework, responsibility for which discharge into Spanish.

According to the annual “Panorama of the Society” the Spanish spend an hour and three quarters per day on unpaid work, while women in the country employ three hours and seven minutes.

Those 187 minutes of difference are overcome by the 223 in Italy, 232 in Portugal, 260, 261, Turkey and Mexico, and are above the 148 average in the OECD and 57 minutes away from Denmark.

The Spanish are the ninth of a total of 25 states of the organization for which figures are available, that more time engaged in these activities not paid for (mainly housework), behind the Turkish, Mexican, Portuguese, Italian, Australian, Irish, Polish and New Zealand.

Similarly, Spanish men are among the least work at home: only apply unless the Koreans, Japanese, Portuguese and Italian.

In any case, the unpaid work in Spain represent 41% of Gross Domestic Product (GDP), according to OECD estimates, which together account for one third of the wealth generated.

In four countries the burden of unpaid activity is higher than in Spain, Japan (42%), New Zealand (43%), Australia (46%) and Portugal (53%).

The study “A View of Society” confirmed that Spain, with 81.2 years, is one of the countries with the highest life expectancy, considerably above the average of 79.3 years in the entire organization.

The Chinese premier, Wen Jiabao, today pledged to the Spanish Prime Minister Jose Luis Rodriguez Zapatero, Spanish debt to keep buying, as it has in the last stage of financial and economic crisis, and investing in restructuring savings.

Zapatero started his meeting with Wen to visit China and thanked the support that Spain has received the Asian giant when he succeeded the financial turmoil and rumors about the instability of the Spanish economy.

According to informed sources of the Spanish after the meeting, Wen pointed out that last year China bought Spanish debt twice to show his confidence in the country and ensured that want to strengthen that confidence because “Spain is the best friend of China Europe.

During their meeting at the Palacio de la Luz Violeta, Zapatero thanked both good news from China, which is already available around 25,000 million euros in Spanish debt, more than 12 percent of the total, according to data of the Spanish delegation.

Accompanied by Minister of Industry, Miguel Sebastian, has been invited to Beijing to participate in the privatization of airports and ports projects that Wen has been very concerned.

Wen also stressed their desire to increase imports of Spanish goods, including agricultural products.

Along the same lines, Zapatero has opted to boost the tourist trade and has been suggested to stimulate the interest of Chinese visits Spain with football clubs and Spanish chefs to China.

In a few words to the media before holding its meeting in camera, Zapatero has made clear that China has behaved like a “good friend” of Spain in “turning” when it has encountered difficulties in the financial crisis “fortunately are solvent.”

“Two countries know the true friendship in adversity, as we know the green of pine in the depths of winter,” Wen stressed.

The Chinese premier pointed out how when Spain “encountered difficulties” his country closely followed the situation and did “everything possible to help Spain” support which, in his view, is mutual and always “honest friendly and unselfish. “

“The only principle we pursue is mutual respect, profit sharing and reciprocal good,” he stressed.

In this context, Zapatero has stressed the friendship between the two countries, whose political, economic, commercial and cultural, he said, are in a growth stage and wants to further boost with the visit.

The Spanish tourism registered a notable rise of 2.4% of tourism GDP in the first quarter of 2011, the biggest boost of all the economic sectors in Spain, which is due to diversion of foreign demand for Egypt and Tunisia, according to Exceltur.

The president of the Alliance for Tourism Excellence Exceltur and vice president of Sol Meliá, Sebastián Escarrer, said today at a press conference that foreign demand pull has benefited almost exclusively to the Canaries.

The archipelago concentrated 89% of the increase in foreign tourist arrivals during the first quarter of 2011, while vacation destinations on the peninsula and Balearic hardly have noticed the improvement in demand.

In contrast, the Spanish demand, which accounts for 50% of tourist activity has contracted substantially by the deterioration of their disposable income and confidence levels.

Exceltur believe that the diversion of tourists to Spain in summer will increase, so it has raised its GDP growth forecast to 2.2% tourism for the whole of 2011, double the forecast in January and almost triple average of the Spanish economy.

However, Escarrer stressed that the sudden growth of tourism in the beginning of 2011 is not attributable to clear improvements and sustainable competitive structural, but that is temporary, but could still last a while, as the problems evolve Tunisia and Egypt and the pace of recovery in the economies of Germany and the UK.

For its part, key markets for Spain as the British and German shows more signs of improvement in terms of nights rather than arrival of tourists, after the sharp falls experienced during the crisis.