Spanish business leaders to woo US investors

New York, April 10 (IANS/EFE) The Spanish Business Council for Competitiveness, or CEC, embarks this week on a tour of several US cities during which it will explain the opportunities offered by Spain’s economy to international investors.

The first presentation will be made Wednesday at the New York campus of Spain’s IESE Business School and will be run by the CEO of Spanish power giant Iberdrola, Jose Ignacio Sanchez Galan, who will be accompanied by CEC President Fernando Casado.

Just as in Amsterdam and London, where last week the CEC opened its 23-city international road show, the speakers will discuss the content of the report entitled “Spain: A Land of Opportunity” before an audience comprised of corporate executives, investors and the media.

The New York event will be followed by appearances at Harvard University and the Peterson Institute for International Studies in Washington.

In its report, the CEC describes a more optimistic macroeconomic scenario for Spain starting in the second half of 2013 and a return to growth starting in the fourth quarter.

The document, prepared by the economists and research services of the multinationals comprising the CEC, refutes many of the negative claims made about Spain and about its ability to recover from the economic crisis.

CEC members include leading Spanish firms such as Telefonica, El Corte Ingles, Mango, Grupo Barcelo, Banco Santander, Repsol, Acciona, La Caixa, BBVA, Inditex, Grupo Planeta, Mapfre, ACS, Ferrovial, Havas Media Group, Mercadona, Iberdrola and the Instituto de la Empresa Familiar.

–IANS/EFE

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