What the businessmen think about the elections | Economy

What the businessmen think about the elections | Economy

Some time to this part and for reasons of different nature (difficulties to close the budgets, cases of irregularities that dot some ministers …) has been installed among the Spanish business the debate on the electoral advance and, above all, on the convenience of doing it. There are opinions for all tastes and, among other reasons, announcements of slowdown of economic growth and the slowdown of investments by companies appear until the landscape clears as main spurs.

"What the employer wants is stability," says the president of a large company that requires anonymity and adds that "perhaps the problem lies in that it is not very clear whether stability is achieved by holding elections or by fulfilling the legislature until the end. " "But there is no clear winner and if elections were held now the scenario would be repeated or even worse, so it would be better to stay that way," he adds.

"As long as the government does not take measures that destabilize and if it takes them for the country to prosper and there is no deficit, we will be satisfied," says another leader of an Ibex 35 company. This assessment coincides with that of a business leader who maintains that "The businessmen are not there to direct the national policy, we have to let the government do it and have a little more calm, we can not blame it all on a government that has not been so long and that, on top of that, found with problems of consideration as the Catalan crisis ". "The businessmen who demand elections now look like opposition politicians and that is not our role," he concludes.

"Entrepreneurs who demand advances look like opposition politicians and that is not our role"

But not all entrepreneurs think so. Another employer leader argues, in the opposite direction, that many investments are stopped waiting for clarification of the situation of eventuality and because they are not clear what will happen to the economy. "The feeling of transience generates distrust and this is not good for the economy," he says. In this line moves the president of the Circle of Entrepreneurs, John de Zulueta, which has gone from praising the appointments of ministers and granting the benefit of the doubt to the Government to demand elections immediately to achieve that stability. Although not all members of the Circle think the same, in their opinion, reforms can not be made, agreements can not be made. Those who sign agreements do not make them to build; if not to entangle.

Entrepreneurs know that elections are not advanced so as not to win, so they are aware that Pedro Sánchez He will not do it until he is convinced that he has a sufficient advantage. In that sense, they are very clear that the president has endurance and will not allow anyone to mark the agenda, although many reproach him that he is in a permanent election campaign and as an example they put the attempt to introduce a tax on banking , which did not generate many subsidiaries in the sector that we say.

They also underscore the evidence that stability does not mean an absolute majority, but that there are agreements, government pacts and so on. All recognize, however, how uncomfortable it is to govern with 84 deputies and always seeking a consensus. But, what the businessmen reject bluntly is that the government agree with Podemos or "get in the hands" of this group.

"The feeling of transience generates distrust and that is not good for the economy"

For the moment it has been the Minister of Finance, María Jesús Montero, the one that has affirmed in a clear way that there will be no advance. "That they wait calm", it sentenced in an act in which it announced with taxing 5% the profits of the companies in the outside. Meanwhile, the president tries to generate confidence in the business world with public and private meetings. The question is whether the big Spanish businessmen trust or not the ones the president tells them about. For many, the two meetings he has had with them (one at La Moncloa with representatives of the Carolina Foundation taking advantage of its annual convention and another, more crowded together with representatives of other collectives, at Casa América) have not been very convincing. Several of the attendees have acknowledged that the president seemed absent. "He seemed to be thinking about other things while throwing a speech full of commonplaces and what we wanted to hear," says one of them.

Subsequently, he took advantage of a trip to New York to meet with representatives of multinationals with a presence in Spain, investment banks and funds in a meeting organized by the US Chamber of Commerce in Spain. People with possible to boost or sink the risk premium.

Summit with entrepreneurs

M. Á. N.

One of the usual fronts that the presidents of the Government have is that which represents the business collective, for what it means for the economic evolution. That is why the calls, which according to the La Moncloa tenant have been more or less frequent, and their presence in sectorial events usually become preponderant news. This is the case of the presence on Friday of Pedro Sánchez at the South Summit of entrepreneurs held this week in Madrid.


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