They believe that the Government cannot make any price intervention decision, unless Europe allows it
The president of the business association, Antonio Garamendi, has condemned this Thursday any possibility of “interventionism” in the energy market and in the electric companies, has stressed that The Government cannot make any decision in this regard unless Europe allows it and has warned that, if it does, Spain will look like Venezuela.
“The most important thing for a country is trust, it is where people invest today. The first ones who invest are the Spanish, retirees who have shares in companies. Be careful with this because we would turn a temporary problem into a structural one and we would begin to resemble some country in Ibero-America whose regime we do not share many ideas“, has warned the president of the CEOE in reference to the regime of Nicholas Maduro.
Garamendi has pointed out that interventionism “is not in our DNA”. “We work on another line. (The Government) cannot take any decision to intervene in pricesunless Europe allows spaces to be opened to balance that terrain,” he said in statements collected by Europa Press. Nor does it support the “temptation to contain dividends” and has warned that can lead to “less investment“.
The president of the employer’s association has asked that everyone be aware that the sanctions imposed on Russia to stop the war affect globally, and has shown its “express support” for all the decisions taken by the European Union and the Government of Spain in the face of the invasion of Ukraine.
“We have to be aware that Europe is in a war, we are in a war. Before we see the wars very close but not so close to us. This is a war that we are feeling as our own and I say it because it is our own, it is in the center of Europe and affects Europe (…). It is the moment of freedom, of Western values, of democracy”, said the president of the CEOE.
Garamendi has recognized that war worries businessmen before the uncertainty that generates not knowing the impact and the consequences that it will have and the time that it will last.
PROTECTION OF THE SPANISH INDUSTRY AND COUNTRYSIDE
The president of the businessmen has warned that the situation in Eastern Europe is beginning to suffer in the Spanish production sectors, for him rising prices of raw materials and higher electricity prices.
Garamendi has asked to protect the industrysince already “there are factories that are stopping because the costs are almost unaffordable“, as EL MUNDO has told this Thursdayand has also requested “a very special help with the spanish fieldboth in agriculture and livestock.
“I once again value a very special aid to the primary sector in Spain, because we may have a supply problem. You have to think that the maizethe cerealsthe fertilizers… are basic. The Spanish field needs very special support,” he insisted.
At the moment, the business community has not evaluated the impact of this crisis on employment, but Garamendi has admitted that “we are in a crisis and it can affect us.” “The same thing that we see is seen by all of Spain”, he added.
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