Crisis adds impetus to Spain’s reform push

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Manylion y Gyfres 16.6.10
Dyddiad Cyhoeddi 16/06/2010
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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.

Dolenni Cysylltiedig
ESO: Background information: Bond sales spark fears for Spanish economy
ESO: Background information: Spain's cajas pay price of inaction
BBC News, 16.6.10: Spanish borrowing costs at new high
El Mundo, 17.6.10: Madrid is not Athens (yet)(via PressEurop)
ABC, 23.6.10: Job stimulating reform? (Via PressEurop)
BBC News, 22.6.10: Spain ratifies labour reforms to cut unemployment
Spiegel Online International, 24.6.10: Zapatero Tries to Cure Spain's Economic Hangover,1518,702567,00.html
The Economist, No.8685, 5.6.10: Charlemagne. The pain in Spain

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