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No. 53 • July - December 2011 • Page 300
 •  Initiatives

Palma de Mallorca, Spain. Finance and honesty

More than a hundred people involved in running businesses took part the Eighteenth Study Conference organized by the Ariany University Center in Palma de Mallorca. The conference was held at the Llaüt School, in the ParcBit technological park. Inaugurating the event were the Vice President for Finance of the Balearic Islands, Josep Ignasi Aguilo, the President of the Council of Mallorca, Maria Salom, and the Vice Rector of the Universitat de les Illes Balears, Victor Cerdà.

Sociology Professor Alfredo Rodriguez Sedano, from the University of Navarra, said in his presentation that “the economy functions through trust, and if trust breaks down a recession can easily result.” Professor Rodriquez Sedano emphasized the importance of business people acting with moral rectitude and transmitting to young people a business culture that seeks to serve society and generate employment. In contrast, when the goal of the majority of businesses becomes that of “earning money in any way possible,” he said, “the economy in the country is severely weakened.”

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