“La situation des entreprises est extrêmement grave”, souligne Toni Roldan, directeur du centre de politiques économiques d’Esade.
Un estudio de Esade señala que el camino para la recuperación será más complejo que el de otros vecinos europeos.
Manuel Hidalgo, a senior fellow at the Esade Centre for Economic Policy, said Spain’s large and compartmentalised bureaucracy causes an average lag of a year to adjudicate a contract.
“There is no better investment than an efficient vaccination campaign,” says Spanish economist Antonio Roldán, head of the business think tank EsadeEcPol in Madrid.
“Reforms in the south have failed in the past because too little attention has been paid to how to make them actually happen,” writes Toni Roldán in Financial Times.
Researchers Miquel Oliu-Barton and Bary Pradelski say vaccines will not be enough. “It’s true that they are an opportunity. But you have to know how to take advantage of it.”
“Spanien braucht weitreichende, längst überfällige Strukturreformen”, sagt der Ökonom Carlos Victoria von der Wirtschaftshochschule ESADE.
The economist Toni Roldán has calculated that Spain needs a €200bn loan from the European Stability Mechanism (ESM).
Academics from Esade warn that the economic impact of coronavirus on Spain “will be more severe than in other countries because of its economic structure.”
Most member states will need a backstop from Europe to fight the Covid-19 pandemic.
