Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Alpha Condé reacts to Dadis Camara's bid to return home

Read more

MEDIAWATCH

'We need an American in every train compartment'

Read more

THE WORLD THIS WEEK

When China Sneezes: World markets rattled by bubble burst (part 2)

Read more

THE WORLD THIS WEEK

Desperate to get to Europe: How to handle migrant surge? (part 1)

Read more

FRANCE IN FOCUS

Behind the scenes of France's National Assembly

Read more

#TECH 24

Saving water, one shower at a time

Read more

FOCUS

Katrina, ten years on: Young survivors still grapple with trauma

Read more

ENCORE!

Has New Orleans got its groove back?

Read more

REPORTERS

Meet the French troops hunting jihadists in Sahel

Read more

Europe

Stimulus move set to shake up market

Text by News Wires

Latest update : 2010-09-09

The Spanish legislature has passed reforms that will make it easier for employers to fire workers. The measures are intended to ward off a Greek-style economic crisis by jump-starting an economy bogged down by unemployment.

AP - Spain’s Parliament has approved labor market reforms designed to shake up a listless economy and help slash a bloated deficit that has prompted European-wide worries of another Greek-style crisis.

The package had already been approved as an emergency decree in June by the lower chamber of the legislature and has been in effect since then.

Thursday’s votes in that chamber were on a series of amendments introduced last month by the Senate. Most were rejected.

One key thrust of the reforms as Spain battles a 20 percent jobless rate is to make employers less wary of hiring by making it cheaper and easier for them to lay people off.

Date created : 2010-09-09

COMMENT(S)