|Author (Person)||Mulligan, Mark|
|Series Title||Financial Times|
The Spanish government presented proposals to reform labour market laws on the 16 June 2010, which many consider essential to tackling the 20% unemployment that was stifling consumer demand and draining scarce public resources.
In addition, the Bank of Spain is also looking to accelerate the pace of financial sector consolidation in the banking sector.
These steps underlined how the eurozone debt crisis was giving fresh urgency to structural reforms in Spain, where the government was under pressure to show it can cut an 11.2% budget deficit while encouraging investment and returning the country to growth.
|Countries / Regions||Spain|