The chairman of Spain's Santander bank has told a New York press
conference that the Spanish economy is going through a "fantastic"
period in time as trust in the country "had grown unimaginably".
Emilio Botín, recently voted Spain’s most influential businessman,
had nothing but praise for the current state of the Spanish economy in a
press conference held in New York on Thursday.
"Everyone is interested in investing in Spain," Botín rejoiced.
"We're getting money for the stock exchange, for debt, for investment.
"You wouldn't believe how things have changed in the last six months."
Botín gave the example of a Chinese client he had convinced to invest
in Spanish public debt who later thanked him and told him he was
doubling his initial investment.
"It's a fantastic period in
time for Spain's economy," Botín argued while praising the Spanish
government's labour and financial reforms.
Although he
acknowledged there was still "a lot to be done" with regard to the
country’s high unemployment rate, the Santander boss said Spain’s
banking sector "is better than ever".
The 79-year-old banker
announced that Spanish banks were eager to lend money but added that
demand is essential, as foreign entities want "good clients and not
insolvent ones like the ones lending a few years back".
Botín was in New York to launch the rebranding of the US's Sovereign Bank to Santander.
Source: thelocal.es
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