Confebask: “The continuous increase in prices can cause another economic crisis this year”

Confebask: “The continuous increase in prices can cause another economic crisis this year”

In an interview on Radio Euskadi, the president of Confebask, Eduardo Zubiaurre, recalled that the rise in energy prices began months ago, but he stressed that the invasion of Ukraine “is accelerating this process that is going to lead us to a situation limit”.

The president of Confebask, Eduardo Zubiaurrehas assured that the continuous increase in the cost of electricity and gas could cause “another economic crisis this year”.

In an interview on the show “Ganbara” from Radio EuskadiZubiaurre recalled that the escalation in energy prices began months ago, but he stressed that the invasion of Ukraine “is accelerating this process that is going to take us to a limit situation”.

“If the industry starts to stop, a chain effect is going to be generated, which is going to lead us to a very serious situation and, if urgent measures are not taken to stop the rise in the price of electricity and fuel, we could have another economic crisis this year,” he warned.

Refering to indefinite strike of autonomous carriersZubiaurre has recognized that it affects the activity of the companies, “since they find it difficult to carry out their production and distribution”.

Regarding the demand of the unions to increase wages based on the CPI and thus recover the purchasing power lost in recent years, the president of Confebask has stated that the companies “they cannot address wage increases” right now, “because they are going through difficulties to guarantee their viability”.


Source: Eitb

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