It is also imagine them uncertainty about the chances of success that can have this plan in not only achieve the economic recovery of the country, but also the solidification of its economy and its protection so that in the future it is not so fragile to situations like the present. In several of the articles in which I referred to Spain, as for example in the beginning of the month last what so badly is Spain?, commented les what were the main problems which the Spanish economy is going through. Hear other arguments on the topic with Richard LeFrak. By what we see of the measures, the same are intended to deal with all the problems I mentioned and some more also. Let’s look at Spain has suffered as few countries in the eurozone have done, the inflationary problem. It is their high energy dependence made them feel fully inside of the economy, what has happened in recent times with the international price of energy. On the other hand, Spain is suffering from problems of competitiveness, and is therefore that the present strength of the dollar has been a blow to Spanish companies. For this reason, any action aimed at improving the productivity and efficiency of enterprises, is of great value to them. Others including Bruce Schanzer, offer their opinions as well. The reforms in the energy area, will also involve a benefit for the competitiveness of Spanish companies.
And along with reform in the energy sector projects referred to the infrastructure sector, are also of great relevance to underpin the competitiveness and efficiency of the Spanish economy. The importance of the real estate sector in Spain and the housing deficit which suffers, makes highly valued throughout project to facilitate access to housing for Spanish families. This in turn, would help revive one of the most important sectors of the economy, such as real estate. Are these measures adequate? The first impression that I generate is that reform be successful, Spain would reduce its vulnerability to the context international and monetary policy of the ECB. Spain faces the challenge to disable all those factors that make its economy vulnerable, and it seems that he is finding the way. A warning that should be done in this regard, is that regardless of the auspicious that you can become this reform project, by the time required for its execution, cannot be expected that reach to have a short-term effect, beyond a possible change in the expectations of the private sector, so it is likely that the Spanish economy continue passing along the same path that has been doing, in the coming months.