Calviño: “The objective of this legislature is to achieve effective full employment”

by time news

2023-11-25 15:47:23

The vice president and minister of Economy, Nadia Calvinohas stated that one of the objectives of the current legislature that has just begun after the general elections of July 23 is achieve “full effective employment”. In one of his first interventions after revalidating his position, Calviño stated that the investments and reforms included in the recovery plan With the injection of European Next Generation funds they will allow us to achieve that goal.

Through a video, since he was unable to attend due to scheduling problems, Calviño closed the 28th edition of the Trobada d’Economia a S’Agaró, in Girona, with a very optimistic message. He has highlighted the “extraordinary dynamism of the labor marketwith records of affiliation to Social Security and 24 million active people”, as well as the drastic reduction in the temporary employment rate and the growth of employment and wages in the sectors with the highest productivity.” Calviño explained that affiliation to Social Security in the fields of information and communications technologies, R&D and science have grown almost 50% since 2018.

In his message he recognized that the economy moves in an environment of uncertainty due to geopolitical instability and technological and climatic transformations. And that, in his opinion, makes the agreement “more necessary than ever” to guarantee political, economic and financial stability, as well as social cohesion.

Dialogue and flexibility

The vice president has appealed to dialogue, flexibility to adapt to changes such as technology and energy, the attraction of talent by investing in training and recycling, among other measures. They are values, she added, “to which the Government has been committed for more than five years.”

Calviño has explained that to continue on that path we must continue with an economic policy with fiscal responsibility, social justice and structural reforms to modernize the economy. In his opinion, these policies and European funds have made the Spanish economy demonstrate great strength. And he has stressed that for years it has been “the large European country that grows the most and one of those that suffers the least inflation” and that, in turn, it applies a very clear fiscal responsibility agenda “which gives peace of mind to the markets.”

Deleveraging

Other factors that reflect the change and strength of the Spanish economy are, as detailed by the vice president, the current account balance of payments surplus of 3% of gross domestic product (GDP) and the , whose debt levels are much lower than in the past “thanks largely to the rescue that was carried out by the public sector during the pandemic.”

The vice president, who is running to be president of the European Investment Bank (AT) in concurrence with the Danish Margrethe Vestager, assures that on these more solid bases, Spain must complete the reforms of the recovery plan. And she recalled that the European authorities recently approved the addendum, the second phase of the plan to complete the strategic projects underway in driving sectors such as electric and connected vehicles, chips, the aerospace or agri-food sector, the deployment of renewable energies, artificial intelligence, among others.

During the conference this Saturday there have been debates about the geopolitical situation, the energy transition and the role of SMEs, in which the president of Enagás, Antoni Llardén, and the president of Pimec, Antoni Cañete, have intervened.

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