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Today the ordinary General Assembly of CEOE was held, in which the conclusions of the summit ‘Spanish Companies: Leading the Future’, which has been held since the past 15th and which ended yesterday with the closing of S.M. King Felipe VI.

Inditex President Pablo Isla, accompanied by CEOE President Antonio Garamendi, has presented a first decalogue of conclusions, as a summary of what is dealt with in a transversal manner in the different tables, which includes the following topics:

1.- Medium and long-term vision to carry out the necessary investments to make Spain a more competitive, resilient and sustainable country. The energy transition is essential to achieve this sustainability. Spain can accelerate investments in green energy, which may also have a drag effect in the short term.

2.- Trust through legal certainty is essential. That trust is key to building credibility and attracting and holding investments.

3.- Consensus and social dialogue to reach agreements that help us to get out of the crisis. Reforms that have generated economic growth and improved well-being should not be reversed, and in any case those aspects in which there is margin should be improved.

4.- A more flexible regulatory framework and adapted to changes in the Spanish economy.

5.- Public-private collaboration to improve efficiency and quality in the provision of public services both in the field of education and health and in infrastructure.

6.- Preserve the productive fabric through measures that are working, such as ERTEs or lines of public guarantees, adapting and matching them to the evolution of economic activity in each sector.

7.- Reindustrialization to generate a quality and better paid job. The objective should be to achieve a weight of 20% of GDP. Those territories that exceed this percentage are those that also present lower levels of unemployment.

8.- Innovation and digitization of the productive fabric, especially from small and medium-sized companies and the public administration.

9.- Budgetary stability. We must have the necessary public spending in the short term to get out of the crisis, and return to a path of fiscal stability in the medium and long term. For this, it is necessary to promote economic growth and, above all, avoid tax increases in times of economic crisis. Other European countries are applying tax breaks to get out of the crisis.

10.- Equal opportunities and inclusive growth through training and education. The priority is people and employment, the best formula for social inclusion; also that we should not leave anyone behind in recovery and in energy and digital transformations. Finally, it is committed to revitalizing the social contract.

Having said all this, Isla has stressed that "we have to have more Europe ”. “Spain has to bet on Europe, which is the one that has provided us with well-being, stability and progress. That bet implies responsibility on our part, in terms of confidence building and budgetary rigor, ”he said.

Subsequently, Antonio Garamendi and Pablo Isla have reviewed together and in more detail the main topics put on the table in the different panels that have taken place during these days. (See document)

Then, the ordinary General Assembly has continued and the Confederation's Annual Activity Report 2019 has been presented, which has been approved, as well as the annual accounts for the past year and the budgets for 2020.

The copyright of the photos belongs to David Mudarra



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