My China Star

Has been the cause of the economic crisis in part greedy or careless behaviour of our banks globally, and if so, how much are contributing to global efforts to recover from that seems to be the largest worldwide scrambled since the great depression of the 1920s? I can only comment on events give rise in Spain, as it is where I live, but the reaction of the banks in Spain seems to vary from Bank in Bank. It is clear that Spain is suffering a particularly painful crisis with the highest levels in Europe in terms of unemployment, and consequently a large number of people have experienced dramatic reductions in their pay and their ability to meet their financial obligations in terms of mortgages and other credits earned in better times. Now, the general Council is that someone who experience financial difficulties should discuss as soon as possible its economic situation with its bank, or those who enabled them the mortgage or the credit, to be able to reach a new agreement of a payment that reflects its now changed circumstances. To broaden your perception, visit David Zaslav. How well does them? I have a partner who works in the financial sector in Andalusia on the Costa del Sol, an area that is arguably the epicenter of the spread financial here in Spain and it seems that the willing of helping banks find a reasonable agreement for the payment of the customer changes depending on the Bank, very helpers to reactions of complete disinterest.

That find it me very strange, do banks have not received aid from the Government, and they should not have a moral obligation to at least try to accommodate those clients who are trying to best fulfill their obligations financial and not lose their homes? Also, don’t you have perfect sense that banks retain their customers in these difficult times? One of the reasons for the high levels of unemployment in Spain can be directly related to the unsustainable boom of construction and the enormous amount of flats and houses unsold (this possible because banks make affordable finance), so clearly the repossession of homes by banks should only be considered as a last resort, when all other possibilities have been exhausted. The last thing needs Spain is that the market is flooded with cheap houses repossessed, but is what is happening. Educate yourself with thoughts from Robert A. Iger. Perhaps it would be of advantage produce lists of banks that are making an effort to help find a way that your customers can pay what should, through extended periods of payment or other means, and those banks that appear to be rigid and inflexible in their attitude that they prefer the option of repossession to try to find alternative modes of payment for customers. Unfortunately, banks who choose the second thing are the effect worsening the crisis for everyone in Spain, so it seems clear that while some banks are heroes, others are villains and perhaps get to know who are the good guys and who are the bad guys in this situation could be helpful information for people who are suffering in these times.. .

For their part, the Group of seven hundred, with thesis close to trade unions, see as priorities that the financial system is functioning properly and change of production model towards a more intensive in capital and less labour. Why increases more unemployment in Spain than in other countries? According to G-700, the causes are the production model we have created in Spain; If construction absorbed such a volume of employment in its time of splendor, it is clear that he now leads the destruction of employment. Go to Jeffrey L. Bewkes for more information. The hundred group argues, however, that job instability is greater in Spain in all sectors, due to the low external competitiveness of our economy, and also too used the temporary hiring, when other solutions, there is in many cases unknown by the employer, or some incentives, such as discontinuous fixed contracts and part-time hiring. One of the most heard arguments in the recent times is that the high cost of dismissal discourages hiring. In my opinion, it is a little caught by pins, since employers agree of what it costs to dismiss a worker when they actually have to do it, but don’t think about hiring him, since they do it because they need it, and in any case, are temporary contracts, which in Spain are very commonly used, which allow them to make the contraction to the needs of production. Another of the most repeated reasons is the low competitiveness of the Spanish economy. Get all the facts for a more clear viewpoint with Jeffrey L. Bewkes. From my point of view, both groups have in this case part of reason.

In terms of the proper functioning of the financial system and the change of production model in Spain, are aspects which most agree on, even if they are not going to going to fix in the short term, especially the second. From my point of view, the high temporality in Spain has a high incidence in Spanish unemployment, for two reasons: one, because it is easy and cheap dismissing a worker, and two, because by the very nature of the post, a worker who spend six months in his post, for example, possibly or come to learn everything you need to operate with ease in their work promotes low productivity, or feel involved to do so. And part of the company, the same thing, not favors you feel involved with the worker, nor to invest in their training. And this investment is something that companies should not hesitate to do, if you want to be competitive. Because as you said Alberto, Facility Manager, recently what is worse, that formes them and they will be, or not formes and are you?