Spain tightens its belt, accepts labor reforms

23rd June 2010, Comments 0 comments

The Parliament in Spain has voted to ratify labour reforms geared to lower unemployment in the country. Measures include promoting youth employment and cutting the cost of firing workers. The reform follows an austerity plan aimed at slashing the deficit of 11 percent of GDP in 2009 to 3 percent by 2013. Other sources: BBC,

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