Governor. Santander International Banking Conference. “Growth and competitiveness”
October 31, 2024
The Governor of the Bank of Spain, Pablo Hernández de Cos, participated today in the Santander International Banking Conference, organized by Banco Santander, under the title “Growth and competitiveness”.
In his speech, the Governor highlighted the importance of growth and competitiveness for the Spanish economy. He stressed that the country has made significant progress in recent years, but that there is still room for improvement.
“Spain has experienced a strong economic recovery in recent years, but we cannot be complacent,” said Hernández de Cos. “We need to continue to implement policies that promote growth and competitiveness if we want to ensure a sustainable and prosperous future for our country.”
The Governor identified a number of challenges that Spain needs to address in order to improve its growth and competitiveness. These include:
- High unemployment, particularly among young people
- A lack of investment in research and development
- A need to improve the country’s infrastructure
- A need to reduce the size of the public sector
Hernández de Cos also stressed the importance of the financial sector in supporting growth and competitiveness. He said that banks must play a key role in providing financing to businesses and households, and in promoting financial inclusion.
“The financial sector has a vital role to play in supporting growth and competitiveness,” said Hernández de Cos. “Banks must continue to provide financing to businesses and households, and they must also promote financial inclusion.”
The Governor concluded his speech by saying that he is confident that Spain has the potential to achieve its growth and competitiveness goals. He said that the country has a strong economy, a skilled workforce, and a deep pool of talent.
“I am confident that Spain has the potential to achieve its growth and competitiveness goals,” said Hernández de Cos. “We have a strong economy, a skilled workforce, and a deep pool of talent. We must continue to work together to build a more prosperous future for our country.”
Governor. Santander International Banking Conference. “Growth and competitiveness”
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