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The Cámaras pessimistic about the crisis outcome
 Le 3 june 2009
 “I don’t think that Spain has reached the end of the crisis. Things should get worse in the months to come.” This is what Eduardo Moreno confided to Commerce International on 14 May. The Managing Director of the Cámaras, the Senior Council of Chambers of Commerce, Industry and Shipping of Spain, questions his country’s capacity to be competitive if it does not commit to making profound changes in its industrial model. “We have experienced great growth thanks to the construction and tourism sectors which have generated high profits: now, it is necessary to have a new economic model, based notably on new communication technologies and software.” Less confident than his government on unemployment rate forecasts between now and the end of the year, Eduardo Moreno however recognises that Spain has a very flexible society and is apt to change economic models rapidly: the country has been able to successfully make transitions in its mining, steel and naval construction industries. But the Managing Director warns of the need to support changes by reforms and a broad industrial convention. For he is certain that after the financial crisis, a structural economic crisis will strike the Iberian peninsula. “One of the priorities should be, for example, like everywhere else in Europe, to link universities more to companies to create the intellectual wealth that will forge the service industry of tomorrow,” he concludes.
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Commerce International - September 2010
No 66
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English 
