- CEOE President Antonio Garamendi has called for regulatory dossiers to be maintained, for companies to remain unquoted and for the requirement to maintain employment to be removed. If it does not, it foresees unemployment and the mass closure of companies due to lack of recruitment.
In an interview with Europa Press, the president of the Association of Spanish State Entrepreneurs, Antonio Garamendi, has proposed a roadmap to give a capitalist exit to the capitalist crisis of the coronavirus. According to Garamendi, the economic forecasts made by the Spanish Government for 2020 and 2021 are too optimistic. The government foresees, among other measures, GDP growth by 2021 of 6.8% in the first quarter. On the contrary, “although falls are sudden and fast, recoveries are always slower and moderate,” he said.
Solution, private initiative
The businessman born in Getxo has argued that temporary regulation (ERTE) dossiers should be extended beyond the emergency situation. In addition, it has argued that companies' contributions from public money, which is the current situation, should continue to be paid through the TEU, regardless of whether or not the company has benefited so far. At the same time, it stressed the need for a major change: Eliminate the condition of maintaining employees’ jobs for incorporation into the TEU. Make a catastrophic prognosis if these and other measures are not taken: “A massive crisis, the massive shutdown of businesses and a lot of people who are left unemployed.”
Despite the fact that it is in favour of public money being unconditionally allocated to companies, it has considered as prehistoric the possibility of nationalising certain sectors of the economy. "Either people believe that it is private initiative that gives strength to a modern state, or we have a real problem," said the socialist leader.