Saturday, February 11, 2012

Riots in Spain over Labour Law changes

The report of protests in Madrid comes from Ireland, linked here, the following being a brief quote:

Spain’s new conservative government approved sweeping labour market reforms as part of a drive to revive a sick economy and solve Europe’s worst unemployment nightmare – a jobless rate of nearly 23%.

The plan is designed to encourage companies to hire more people by cutting government-mandated severance packages and offering tax breaks for taking on young people.

But the fast-track approval of the measures generated violent clashes between riot police and protesters who say they will be stripped of cherished worker benefits.

H/T Muffled Vociferations on Twitter!



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