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Davos 2014: Europe has hard choices to make - Spain's Soria

Thursday, January 23, 2014 - 04:16

Jan. 23 - Spanish Industry Minister Jose Manuel Soria tells Reuters Europe has to make tough decisions to become more competitive in a globalised world.

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Minister many thanks for talking with Reuters I'm. Spanish growth targets of being revised dot com -- what is your projections for this year -- next. With the predictions. That we have differing with -- that you thought you 2014. It's an economic woeful Siegel point 7%. So we have based these growth in net and increasing consumption and an increase in investment. OK so domestic consumption you think will improve. Will we. Having defeated a seal point two person team consumption 22 point 2% hostilities investment. But we going to have a high increase in exports. What when do you think will see the consumption levels happy with -- can really support the growth one. Well I think we have reached already bought them because two in the last two weeks we have seen already them TB it's true that either. -- increase and we hope that two in the whole year 2014. Is going to be increased. I don't joblessness. The prime minister I of course is -- to to bring that number to levels that senator Barack when he was it was important -- -- to get a BO to achieve that woman look at the -- the latest numbers I don't know about promising. With the latest numbers -- The best numbers that we have been -- -- the last heats bouts of course we have video word about the fact that unemployment continues to -- we're -- important program you know what but. You start to cut programs we have seen already -- -- last month. Some positive -- lose it stimulus. You -- battle Lost Generation. Little wolf we currently -- wall ridiculous that the unemployment -- steal every theory in high it's. He fit you have a due to the -- -- of the month of December and at home. -- 2015. We have a test that seem defeated the official figures this morning you can realize that the number of youth. Had decreased compared to what you. Articles so -- -- that we out of the brightly. The prime ministers has pledged to cut income taxes -- which which taxes is he's gonna have to raise to ride to keep to keep from coming -- -- we -- talking about racing Texas food and batteries and Texas. No not seen that obscene that test detects if I went to change they would be in the tax reform that would be presented by the yet. Mean is that due in the next month profit by the presence of a diplomat but what we want to -- -- that sort of fiscal system. I wanna finish up with the Spanish property market arm investment reaching. I think now we getting to pre crisis levels again. Are you worried -- -- the conversations are having pat -- that concerned that sat at my history repeating itself. Work you know we have I mean it is good to fight these vehicles -- in financial system. And then I think that both prices have already been -- on their fortune in the year 2014. They're going to be. Warren -- prices and you've just arrived and and you're leaving or sort of and a few hours won't what is the sense that you get from some of the other ministers announcements economy necessary doubles. About your. Well I think unit costs well to do some things. -- have a fast food. Make a decision. Even those who know. He has the look you don't want to be win it gets an older what is going to be. Well I think it is would have to be much more competitive probable hope they would know what that is what a -- -- it was all over the world. The United States and nation so we have to decide what we too would energy have to decide what we do with the labor costs. I'm therefore we have to choose if you want to be -- of protective order not and I think I believe. It's issued a feud that's going to be to be one of the minister many thanks to --

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Davos 2014: Europe has hard choices to make - Spain's Soria

Thursday, January 23, 2014 - 04:16