Spain’s
government is worried that the level of contraction this year might be worse
than predicted. In the beginning of 2013 Spain had the highest unemployment in
its history – 27.2%. The government does not expect any major improvements in
this until next year. The government is now aiming to cut income tax in 2005 as
a stimulus measure in order to improve the economy. Spain had violent anti-austerity protests and
some people were suspected of planning to burn down a bank. These protests were
mainly because of the reports that showed the increase in unemployment and
especially unemployment among youth which is 57.2%. The labor laws in Spain
have been reformed so it’s easier to hire and fire workers.
No comments:
Post a Comment