The president of Inditex,

Pablo Isla

, has wanted to put an alert counterpoint to the government euphoria over the approval of the so-called Recovery Plan.

After highlighting "all the positives" contained in the European funds, Isla stressed: "I see

a risk, that we fall into complacency

, that we do not make our economy more competitive, that we do not address the reforms that Spain needs ...".

Without expressly mentioning the government, Isla has claimed "dynamics of self-demand."

"To get ahead we have to do our homework," he said after underlining that European funds are a great opportunity "but they will not last forever."

Isla has been the coldest at an unprecedented table organized by the Círculo de Economía in which, as the moderator, businessman

Marc Puig

,

has highlighted

, "25% of the Ibex" participated, alluding to Isla itself, the president from Banco Santander,

Ana Botín

, and from Telefónica,

José María Álvarez Pallete.

Botín has not gone as far as Isla, but he has stated that "it is very important that each euro has a multiplier effect and to be sure that they are what the country needs." It has also underlined the need for more competitiveness and more support for companies. "We have to be competitive on tax, social or talent attraction issues." "

Having a competitive tax and regulatory policy

is very important for us to build bigger companies."

The banker has been very optimistic about the economy. "

In the coming quarters we are going to get off the map. Also in Spain,

" he highlighted, betting that the country's economic growth will exceed the most optimistic forecasts above 6%. "Another issue will be next year," he also warned about the risk that the current rebound will not be consolidated. Álvarez Pallete has been even more optimistic when he emphasizes that European funds must be combined with the significant accumulated savings rate and the Spanish experience of strong recovery from previous crises. "It is the first time that Europe mutualises debt", has put in value.

The banker has been particularly combative during the debate on gender equality and the difficulty for women to advance in the workplace. "

That that women do not want to be managers is bullshit with forgiveness of the word

." He has criticized that "there is a tax on maternity, but not on paternity" because of how the career of women is slowed down after having children and has even asked Isla and Pallete to talk about the issue "because you are still the ones in charge" .

When the president of Telefónica wanted to intervene, Botín told him "interrupt me whenever you want, I'm used to it."

Although he has quickly clarified that it was not personal against Pallete but because of the excessive male dominance that there is still, in his opinion, in the debates in which he intervenes.

In fact, the banker has praised Telefónica's role during the pandemic.

Botín has also insisted on another equality that he is missing, that of treatment of technological platforms that should have, in his opinion, greater regulation.

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