Garamendi and Mr. Burns: the change that the CEOE needs

Garamendi and Mr. Burns: the change that the CEOE needs

usually complain Antonio Garamendi that this government caricatures businessmen as the bad guys in the “negotiations” to justify its measures against the company or to cover up the internal problems suffered by the coalition. “Now it seems that since we have coordinated, the bad guys are the businessmen,” said the president of the CEOE on Thursday in Córdoba while denouncing the immobility of the labor reform negotiating table to seek consensus.

Among the 11 basic principles of the propaganda of Goebbels there is one well known, that of simplification and search for the common enemy. The common enemy of the coalition government and its partners in Congress are the ‘rights’. And as if there were no left-wing businessmen in Spain, the enemy to be beaten before public opinion by a part of this Government, the one headed Yolanda DiazThey are also entrepreneurs.

It is understood that this is not pleasant for the CEOE, but it is the field in which it has to defend its interests in something as vital for companies as the change in labor legislation. And in the face of this relentless narrative from the Government, perhaps the employers should open up the reflection on what employers can do to combat a Manichaean discourse that fundamentally benefits United We Can and the unions.

Mr. Burns and Antonio Garamendi.

Mr. Burns and Antonio Garamendi.
THE SPANISH

On occasion, Garamendi has illustrated the bad image that businessmen have by resorting to Mr. Burns. The head of homer simpsons in the popular TV series he has it all: he is rich, ugly, evil, recurring, has a loyal assistant with little verve, Mr. smithers. And on top of that he owns a nuclear power plant. The great villain of the fictional city of Springfield.

Escaping from these types of clichés at a time when politics has become marketing is not easy. But the CEOE has no choice but to leave the victim discourse, the regret for being the ‘bad guy’ in the movie starring Diaz, and propose an alternative story to society. Entrepreneurs always know how to adapt and in the field of ideas, they must do so soon so as not to be cornered in these times.

Because although it is true that Brussels is not going to approve a labor reform that does not have the approval of the CEOE, it is also true that the European Commission wants the unions to close the wounds that they drag from 2012 and that happens by also putting unai deaf Y Pepe Alvarez in the photo of that deal.

He was reminded by the Vice President of the European Commission, Schina’s Margaritisto the vice president Nadia Calvino and the rest of the attendees at the XX CEDE Directors Congress that was held last week next to the Mosque of Córdoba: the labor reform must have the endorsement of the social agents. of all

It is no secret that Brussels believes that it was wrong in 2012 to impose on the Government of Mariano Rajoy guidelines that did not have the support of the unions. That labor reform ended up being an important ingredient of the discourse that has brought us to the current political situation, with a populist government that wants to end legislation that is paradoxically helping to sustain employment.

A 10% potential GDP growth in the next 20 years depends on the structural reforms that we implement

Schinas recalled that 10% potential GDP growth over the next 20 years depends on the structural reforms that we implement in the coming months in exchange for receiving European funds from Next Generation EU.

Until now, the CEOE has been hiding behind the fact that it is the Government that has an internal problem and that wants to change a law that the companies consider good to avoid bringing concrete proposals to the negotiating table. Now, Garamendi says that they are willing to work to improve that legislation. How? This is something that needs to be explained better.

Nadia Calviño, Margaritis Schinas, Isidro Fainé, Antonio Garamendi, Unai Sordo, Pepe Álvarez and Yolanda Díaz.

Nadia Calviño, Margaritis Schinas, Isidro Fainé, Antonio Garamendi, Unai Sordo, Pepe Álvarez and Yolanda Díaz.

Because in matters such as the end of subcontracting, the proposal of the Ministry of Labor is absurd in economic terms and in Spain, the Workers’ Statute already shields in its Article 42 relations with subcontractors in an exhaustive manner. The problem is that there have been companies, especially SMEs, that have resorted to the illegal assignment of workers without the Labor Inspectorate having acted forcefully. And this is something that Díaz is taking advantage of to deal his blow to a vital model for an important part of the Spanish business fabric.

Either the CEOE enters the battle of the story or its defensive discourse will place businessmen between the sword of the counter-reform and the wall of European funds.

At the CEDE Congress, Isidro Fainequoted Warren Buffet to say that as an entrepreneur “you can lose money, but never lose an ounce of reputation”.

The employers must get down to work because although it must be recognized that they have been able to turn the page on the stage of Diaz Ferran, it is also true that it remains far from the approaches of an important part of Spanish society. And in the age of ESG this is something companies cannot afford.

ATTENTION TO…

With the Federal Reserve already withdrawing stimulus from the market and inflation rising in Europe, the internal reports handled by banks for the rise in interest rates in the Eurozone have changed radically in a matter of a few weeks.

Jerome Powell and Christine Lagarde.

Jerome Powell and Christine Lagarde.
THE SPANISH

It is expected that already in 2022, Christine Lagarde follow the steps of Jerome Powell beginning to withdraw part of the emergency purchases due to the pandemic. But the tipping point for rate hikes could come in 2023 or 2024.

It is a scenario that banks celebrate -due to the impact on their income statement-, but with caution, since the economic recovery is not yet solid and if GDP growth does not gain strength, entities could have to face an increase delinquency greater than expected. There are no magic recipes for the problems of the financial sector.

Mr. Burns and Antonio Garamendi.

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