Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Spain 'goes nuclear' on Catalonia

Read more

THE INTERVIEW

Civil rights leader Al Sharpton says Trump 'channels' racism

Read more

THE DEBATE

Moment of truth: Spain sets in motion direct rule over Catalonia

Read more

PEOPLE & PROFIT

Must it come down? Market analysts bracing for correction

Read more

FOCUS

Italian regions of Lombardy and Veneto to vote on autonomy

Read more

THE POLITICAL BRIEF

France considers tough new laws to crack down on sexual harassment

Read more

ENCORE!

Inside the new Yves Saint Laurent museum in Morocco

Read more

INSIDE THE AMERICAS

California: When your home is reduced to ashes

Read more

FRENCH CONNECTIONS

#balancetonporc: Sexual harassment and gender inequality in France

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)