6/1/2010

Spain is pushing for an overhaul of its labor laws, aimed at reducing its 20% unemployment rate, and encouraging troubled regional lenders to consolidate. Finance Minister Elena Salgado said the proposed labor-market reform is aimed at giving workers and employers greater flexibility. The government hopes to narrow the gap between 24% of the workforce on temporary contracts and long-term employees who have some of the most generous protection in Europe.

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