Economist’s lecture series is getting new life as Spain faces economic crisis
Economists from the European Central Bank are on the scene of the country’s most recent economic crisis to deliver a lecture series that’s received a boost in popularity since the country is preparing for a second election.
“Austerity and a recession is the biggest economic challenge we face in Europe, and we have a duty to respond in a timely and credible manner to this challenge,” says economist Ricardo Salazar.
The lectures, which have been delivered in a series of sessions, are a continuation of the ECB’s recent efforts to raise the profile of its efforts to boost the economy.
Salazar, a former ECB chief economist, is presenting his views on how the eurozone crisis has affected Spain and Europe.
While he’s been making the rounds at the ECB for more than a year, Salazar’s lecture tour is set to kick off in Spain this month.
The economic crisis in Spain has had a profound impact on the country.
In just the past month, the country has experienced its worst recession since the 2008 financial crisis, which ended with a government bailout that was worth around 30 billion euros.
Salzas lecture series, which started last year, will focus on the impact of the recession on Spain’s economic future, including the possibility of another round of austerity.
The ECB is calling for “flexibility and innovation” to be the main theme of Salazar s lecture series.
Salazas lecture is being sponsored by the Institute of International Economics (IEE), an economic think tank in Spain, and the European Commission, which is coordinating the series.
The IEE is also taking part in the tour with the EU Commission, and Spain is also the first European country to host a series.
“The idea behind this series is to show that the economic crisis is not only a threat to the financial stability of the eurozone, but also to the future of Europe,” says Josep Salazar Muntas, head of the IEE.
“Spain has the opportunity to shape the course of the European Union, to make its own choice, and to be a major player in the global economy.”
Salazar is not the only one presenting a lecture.
“IEE is a big player in economics and IEE has a very strong presence in Spain,” says Javier Cunha, an economist at the Bank of Spain.
“But we have also a large number of participants from other sectors of the economy.”
Spain’s recession has affected the economy in a number of ways.
Unemployment has risen and public spending has been cut, with the government cutting subsidies to small businesses and schools.
Economists say the recession has also hurt Spain’s competitiveness and caused job losses.
In a speech last month, Salzs chief economist Miguel Pérez Perez said that Spain could lose around 800,000 jobs over the next three years because of the impact on wages.
Spain is one of the world’s biggest exporters of agricultural products, and it relies on agriculture for around one-third of its exports.
“When it comes to agriculture, we have not developed in a sustainable way,” Perez said.
“It’s important to know that there are opportunities for growth in the sector.
And we can work together to make it happen.”
Economists are also concerned about the impact that the austerity measures that were announced by the government last year have had on the economy’s ability to pay wages.
“There is a huge reduction in wages,” says Péter Salazar Hernández.
“We are seeing a decline in the productivity of many of the small businesses, but in terms of the wages of people, there is no difference.
Salzonas lecture, which takes place in a Barcelona auditorium, will start at 6:30 p.m. on October 17.”
If we want to have a future for our economy, we need to have good wage levels for our workers,” Herna says.
Salzonas lecture, which takes place in a Barcelona auditorium, will start at 6:30 p.m. on October 17.