Spain approves labor reforms to boost sick economy

 

Published: February 10, 2012

MADRID (AP) — Spain's new conservative government approved sweeping labor market reforms Friday as part of a drive to revive a sick economy and solve Europe's worst unemployment nightmare — a jobless rate of nearly 23 percent.

The plan is designed to encourage companies to hire more people by cutting government-mandated severance packages and offering tax breaks for taking on young people. But the fast-track a...


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