More than half of the Spanish feel ‘overqualified’

64% of the Spanish feel ” overqualified ” for his current job and believes that training and experience are above their job duties, a fact that puts Spain on top of the European ranking, second only to the perception of Greek professionals (69% of respondents).

This is reflected in the third wave of the Randstad year on the job prospects of workers, noted that Spain stands 24 percentage points above the EU average, which places them far from countries like Denmark (25%), Netherlands (32%) and Germany (43%), among others.

On the corporate side, 45% of companies suffer finding professionals overall, opinion ranging between 53% of Germans and 51% of French and 33% of Italians, who occupy the last place . In the case of Spain, 35% of professionals surveyed hold this view, which puts ten percentage points below the European average.

Forecast for the coming years

The study also claims that four out of ten Spanish (43%) within three years will be short of skilled workers in the company, which puts them in the middle of the ranking of European countries, leading Germany (52%) and Sweden ( 51%). On the opposite side are placed Netherlands (33%) and Denmark (34%).

As for the interest that companies have regarding training , the report stresses that more than half of Spanish professionals, 55%, replied that their company is investing in a way, so scale percentage point above the European average (54%).

Leading the ranking placed Belgium (65%), Switzerland (60%) and Germany (59%), while on the opposite side are Greece (32%), Sweden (50%) and Norway (50 %), as the countries where companies invest less in training, according to its workers.

Motorola leaves Spain

Google has decided to close the subsidiary of Motorola in Spain later this year due to the deterioration of the Spanish economy and the unfavorable prospects for domestic consumption, which will affect the mobile device market.

The search company and Internet services, which Motorola acquired last May as part of its business diversification policy, European strategy will focus on three major markets in terms of turnover (Germany, UK and France), increasing share obviating the handset maker was making in the Spanish market, which currently exceeds 3%.

In operators like Orange, Motorola already had a 10% market share, and Vodafone and Movistar also presented new range devices ‘Razr’. In absolute levels, Spain is the European country in which Motorola sells more units .

The retreat from their positions in Europe also mean leaving the company of other markets in the euro periphery, such as Greece, Italy or Portugal, but also in countries such as Poland, Czech Republic and Scandinavia. Motorola’s workforce in Spain consists of about 50 employees.

According to published newspaper Friday ‘Expansion’, this story progresses, the decision means that as of December 31 phones that Motorola Mobility manufactures disappear from the shelves of Spanish distributors, while keeping all aftermarket services.

Google, which completed last August to buy Motorola Mobility for a total of 12,500 million dollars in cash (9,800 million euros), which shall then confirmed the closure or consolidation of the third of the 90 manufacturing that its subsidiary has spread around the world.

This restructuring plan will involve a workforce reduction and affect 4,000 employees, about 20% of the total workforce of Motorola.

Google said that “two thirds of the workforce reduction will take place outside the U.S.”, while pointing out that this decision is related to its plans to simplify telephony devices portfolio company to emphasize the production of those most innovative and profitable mobile.

Google acquired Motorola Mobility last May by 12,500 million dollars (10.245 million euros), after the company co-founder Larry Page is done with the reins of the popular search engine last year.

The Government is considering reducing margins on fuel oil and petrol stations

The government “will consider measures” that allow lower profit margins earned by operators in the price of fuel , and this could apply to “tax measures” being passed on businesses and not consumers, announced the vice Government, Soraya Sáenz de Santamaría, after the Council of Ministers.

Alongside this, the government is “studying contracts flagging service stations with distributors” in order to proceed to liberalize and thereby “allow easier changes” and “remove barriers to entry,” he said.

Saenz de Santamaria said that the prices of petrol and diesel have reached “a peak in recent weeks” and that in the fuel sector of the energy price increases on international markets move quickly to the supplier, which does not happen with the decreases, so that prices “go up like a rocket and fall like a feather.”

The measures “not yet decided” and go to “speak to the sector,” said the Deputy Prime Minister, after explaining that the decision to study them has been adopted after the Council of Ministers on Friday a report analyze Ministry of Industry, Energy and Tourism on the matter.

In this report, he said, shows that the margins earned by operators in both petrol and diesel exceeds the European average and raise the price of fuel, although in Spain the tax burden is lower than the rest of the continent .

In fact, of the three elements of the fuel prices, which are the product cost, taxes and margin, the first is similar to the European average, while the tax burden is lower and the benefit to the operator is higher, he said.

“Spain is the eurozone countries that less gravel road and fuel tax, however, is one of the states where the margin, the gain is greater,” said Saenz de Santamaria.

Petrol and diesel.

To illustrate this fact, pointed are the Super 95 unleaded, in which the taxes in Spain are of 69.3 euro cents per liter, up from 66.9 cents in energy costs and 15 cents range.

As the area euro, taxes are higher for the same product, from 92.6 cents, while the cost is similar and the margin is less, from 13.3 cents. In France, the margin is even lower, at 9.8 cents.

In the case of diesel, the tax amounts to 58.5 cents per liter, compared to the area average euro to 71 cents, while the profit margin amounted to 15.1 cents, compared to 13.3 in the countries of environment.

Central Banks Won’t “Stack Up More Austerity” in Europe

Countries applying a program of buying bonds of the European Central Bank will not necessarily be at the request of making more cuts, as some governments have already taken solid steps in that direction, said Saturday Coeuré Benoit, a member of the governing council ECB.

In remarks that could allay some fears in Spain on ECB support request to reduce the performance of its sovereign bonds, Coeuré said the idea of the central bank’s program “is not stacking up more austerity”.

“The ECB’s intervention can only work if countries are on the way back to growth that will enable them to reduce their debt,” said Coeuré to France Inter in a radio.

“That does not necessarily mean more austerity. Certain countries, as we have already taken many steps in the right direction and therefore would not be necessarily more demands,” he added.

The ECB agreed Thursday to possibly launch an unlimited bond purchases to lower financing costs for members of the area euro in trouble, despite the resistance of the German Bundesbank , an announcement that triggered actions in European financial markets.

The ECB President Mario Draghi said the plan to buy short-term sovereign debt in the secondary market was subject to “strict and effective conditions” as that countries aspiring first request an aid program of rescue funds zone euro EFSF and ESM, which could involve further reform commitments.

This aggravated the debts over whether the government of President Mariano Rajoy, who is fighting a deep recession and unemployment of around 25 percent, would seek help. Rajoy has insisted that Spain has already taken the necessary and painful steps that were needed to restore public finances.

“This is a conversation that must take place not between Spain and the ECB, but between Spain and other eurozone members (…) It is a political decision,” said Coeuré.

The Spanish Deputy Prime Minister, Soraya Saenz de Santamaria, said that Spain will address the conditions that lead the ECB program with its partners in the area euro at a meeting of finance ministers of the EU to be held in Cyprus next week .

Coeuré said the ECB’s bond purchases will not solve the crisis of the block and that growth will remain weak in 2012 and 2013.

Reducing debt levels is a condition to return to growth, he said, but we also need policies to implement economies of the euro area, as the stimulus program of 120,000 million euros this year agreed by leaders of the region.

“Today we are in a situation in which the single market is no longer working, especially in the capital market,” said Coeuré, pointing also to fragmentation in the services and labor markets.

He also indicated that a pan-European plan Dole allow workers to move more freely through the region.

“There is a wide range of policies to restore economic dynamism in Europe that have not been explored enough,” he said. “It is urgent because this social crisis has lasted many months and the more you drag Europe into it, the worse the social and economic consequences,” he added.

Botin: The Government’s reforms are on track. Now you have to do is comply

The chairman of Banco Santander, Emilio Botin , has welcomed all the reforms undertaken by the Government, which he considers “prepared” to decide whether or not a ransom calls to the European Union.

“The latest measures taken by the government are on track, in every way. Both labor reform, as in taxation, deficit, financial reform, now, you have to do is meet them , “said Botin in Mexico, where he presented during the launch of a public offering of shares of its subsidiary Central.

The chairman of Santander, on the other hand, did not rule on whether the government should seek financial support from Brussels, but was convinced that the Spanish government ” will take action as appropriate because it is well prepared to take them . “

Feedback ‘bad bank’

Botin , who acknowledged his initial opposition to the creation of a ‘bad bank’ that agglutinated toxic real estate assets of financial institutions, eventually accept it because it is “one of the nearly forty” conditions imposed on Spain in the memorandum of understanding receive the credit line of 100 million to clean up the financial system.

“I was totally against to put into practice the ‘bad bank’ in this country, and the government said the same, but it is among the conditions for financial assistance to be given to Spain, “Botin  recalled that it is preferred to wait until November, when we know the details of the instrument, to make evaluations.

In any case, acknowledged that “very important” are the prices at which assets are valued damaged property nationalized entities ( Bankia, Novagalicia, Catalunya Caixa and Banco de Valencia ) moved to ‘bad bank’.

Botin said that Santander provisioned yet to 2,200 million euros for its exposure to real estate , but recalled that the bank has not received any assistance during the financial crisis.

“At year end will fully provisioned Santander whole ‘brick’ in Spain, so that in 2013 and 2014 will not have to make provisions beyond normal driving own business “specified Botin .

‘September is interesting’

“I’m very optimistic because we have a very interesting September and I think it will be okay, “said the chief executive of Santander.

As important milestones this month, Botin cited the Governing Council of the European Central Bank and the informal Eurogroup.

Santander president believes that the euro is irreversible and “is not going to break.” “You will succeed,” Botin said conclusively.