Spain extends benefits for unemployed

, Comments 0 comments

Under the new measure, some 340,000 jobless workers who have lost their rights to benefits will receive EUR 420 a month.

Madrid – The Spanish government announced Thursday it will pay EUR 420 a month to jobless workers who have lost their rights to benefits.

Around 340,000 people are eligible to benefit from the measure, which will cost the government EUR 642 million, Deputy Prime Minister Maria Teresa Fernandez de la Vega told a news conference.

Spain, which has the highest unemployment rate in the European Union, entered recession in late 2008.

The newly-introduced measure will apply to registered job seekers whose right to benefits has expired, have incomes below EUR 468 a month, or 75 percent of the minimum wage of EUR 624, and who agree to undergo job training.

The National Statistics Institute has reported an unemployment rate of 17.92 percent in July, almost twice the eurozone average.

The government had forecast that the rate will remain high, closing the year at 17.9 percent and rising to 18.9 percent in 2010 in a nation of around 46 million people.

AFP / Expatica

0 Comments To This Article