Post by account_disabled on Jan 16, 2024 23:05:32 GMT -5
The president of BBVA, Carlos Torres Vila , has pointed out that the recovery plan for Europe ('Next Generation EU') “is a historic opportunity for Spain . ” "If aid is combined with appropriate reforms, Spain can put an end to its high structural unemployment, one of the fundamental problems of our economy and which has fluctuated above 16% in the last four decades, as well as lay the foundations for our future growth in the green economy, the digital and data economy ,” he stated. Carlos Torres Vila inaugurated today, together with the third vice president of the Government and Minister of Economy, Nadia Calviño, the course 'The financial system in the COVID-19 crisis. Challenges and commitments', organized by the Association of Economic Information Journalists (APIE), which is held at the Menéndez Pelayo International University (UIMP), in Santander, electronically due to the current situation. At the beginning of his speech, the president of BBVA shared his vision on the impact of COVID-19 on the economy and the role of banks in this crisis.
“If there is one lesson that the pandemic has taught us, it is that in times like this, digitalization allows us to be closer than ever to our clients, to provide them with service and advice when they need it most,” he said. In the short term, for Carlos Torres Vila, “it is vitally important to generate trust ,” as well as “learn to live with a virus that will be with us for many more months.” In his opinion, the appropriate Whatsapp Number List combination of health measures at all times will be decisive for our future and that of our economy, of course the widespread use of masks, focus on risk groups, investment in technology such as Covid Radar and tracking equipment, and transparent and updated information in real time. And in the medium and long term, “we have today the great opportunity to accelerate the transformation of Spain . ” The pandemic has highlighted the need for a more sustainable and inclusive social and economic model, based on new technologies. “
To achieve this, the reforms that the Spanish economy needs must be promoted to increase its potential growth above 2%, and especially to reduce its structural unemployment rate ,” he said. In this sense, he has referred to education, “which is the engine for growth and equality” ; and to the labor market, “which requires improvements in efficiency and equity, to make it more flexible and secure, to reduce temporary employment, structural unemployment and long-term unemployment, and to allow the reallocation of employment towards booming sectors and companies.” ” . Likewise, Carlos Torres Vila recalled that we have the opportunity to invest in the transformation of the country thanks to the European program 'Next Generation EU'. An agreement with a budget of 750,000 million euros (5.4% of European GDP), which represents a milestone in the history of the European Union. He explained that initial estimates indicate that Spain will be one of the main ones, with an allocation close to 150,000 million euros, counting subsidies and credits: 12.
“If there is one lesson that the pandemic has taught us, it is that in times like this, digitalization allows us to be closer than ever to our clients, to provide them with service and advice when they need it most,” he said. In the short term, for Carlos Torres Vila, “it is vitally important to generate trust ,” as well as “learn to live with a virus that will be with us for many more months.” In his opinion, the appropriate Whatsapp Number List combination of health measures at all times will be decisive for our future and that of our economy, of course the widespread use of masks, focus on risk groups, investment in technology such as Covid Radar and tracking equipment, and transparent and updated information in real time. And in the medium and long term, “we have today the great opportunity to accelerate the transformation of Spain . ” The pandemic has highlighted the need for a more sustainable and inclusive social and economic model, based on new technologies. “
To achieve this, the reforms that the Spanish economy needs must be promoted to increase its potential growth above 2%, and especially to reduce its structural unemployment rate ,” he said. In this sense, he has referred to education, “which is the engine for growth and equality” ; and to the labor market, “which requires improvements in efficiency and equity, to make it more flexible and secure, to reduce temporary employment, structural unemployment and long-term unemployment, and to allow the reallocation of employment towards booming sectors and companies.” ” . Likewise, Carlos Torres Vila recalled that we have the opportunity to invest in the transformation of the country thanks to the European program 'Next Generation EU'. An agreement with a budget of 750,000 million euros (5.4% of European GDP), which represents a milestone in the history of the European Union. He explained that initial estimates indicate that Spain will be one of the main ones, with an allocation close to 150,000 million euros, counting subsidies and credits: 12.