luis m linde : introduction to christian noyer speech by mr luis m linde, governor of the bank of spain, introducing christian noyer at the foro de la nueva, madrid, 28 june 2013. * * * ladies and gentlemen, it is an honour and pleasure for me to introduce to you today, here at the foro de la nueva economia, my colleague and friend christian noyer, the governor of the banque de france. with the presence of governor noyer, the foro de la nueva economia continues its tradition of inviting distinguished international personalities from the world of administration, business and politics, to promote the exchange of ideas on matters of particular interest to society. i will begin my brief description of the career of governor noyer by emphasising something in his curriculum vitae : christian noyer is a good friend of our country. the spanish government has recognised this, by awarding him the gran cruz de la orden del merito civil. with a legal training – he studied law at rennes and paris – governor noyer subsequently graduated from the institut d ’ etudes politiques and the ecole nationale d ’ administration, the school for senior civil servants and top corporate executives. his professional career began in 1976, when he joined the treasury in the french ministry of the economy and finance, where he held various positions relating to debt management, regulation of the financial industry and the management of public corporations. in the 1990s he was head of the treasury and chief of staff for the ministers of finance edmond alphandery and jean arthuis. during those years he built up considerable european and international experience. he was a member of the european monetary committee and held the office of alternate for the minister of finance at the oecd, the g7 and the g10. as head of the treasury, he also chaired the paris club. in 1998 he was appointed vice - president of the newly established european central bank. in 2003 he succeeded jean - claude trichet as governor of the banque de france, a post that he still holds following his reappointment in october 2009. he is a member of the governing council of the european central bank and chairman, since 2010, of the baselbased bank for international settlements. he is also head of the prudential control authority, one of the two most important regulation and supervision bodies in france. today, christian noyer is one of the most respected and long - serving central bankers. he has

03. 11. 2023 stylised facts about the post - pandemic performance of the spanish labour market and future challenges * closing address at the “ canary islands, investment hub ” forum during the canary islands money week / universidad de las palmas de gran canaria las palmas de gran canaria pablo hernandez de cos go verno r * english translatio n o f the spanish o riginal dignitaries, ladies and gentlemen, good morning. i would like to thank the distinguished chancellor of the universidad de las palmas de gran canaria, mr lluis serra, and the dean of the faculty of economics, business and tourism, mr juan manuel benitez del rosario, for their kind invitation to deliver the closing address of the canary islands money week, organised by this university. of all the building blocks of an economy, the labour market is one of the most fundamental. a country ’ s macroeconomic performance and the efficiency of its economic and social policies largely depend on the functioning of this market. in recent years the global economy has experienced an unprecedented series of shocks, whose impact on production, aggregate demand, employment and, ultimately, producer and consumer incomes crucially depends on how the labour market copes with them. these shocks have occurred against a background of secular trends ( such as population ageing and technological change ) with the capacity to transform the functioning of the labour market and economic activity. in spain, moreover, the labour market has traditionally been characterised by serious dysfunctionalities, which have resulted in very high unemployment rates, affecting the different population groups very unevenly ( with a higher incidence among women, young people and low - skilled workers ), and an excessive prevalence of long - term unemployment. this market also suffers from an excessive duality between workers on permanent and temporary contracts that is economically inefficient, socially unfair and not conducive to productivity growth, and which also leads to adjustments in the event of adverse economic shocks through job losses to a much greater extent than through wages and makes the market prone to mismatches between labour supply and demand even in periods of particularly buoyant economic activity. the long succession of labour reforms over the past four decades aimed at correcting this dysfunctional behaviour – the last of which was passed in 2021 – should therefore come as no surprise. in this setting, i would like to share some thoughts about the spanish labour market and its outlook. to this end, i will highlight some stylised facts