Arab Today, arab today spanish pm promises jobs in 2014
Last Updated : GMT 00:18:03
Arab Today, arab today
Arab Today, arab today

Spanish PM promises jobs in 2014

Arab Today, arab today

Arab Today, arab today Spanish PM promises jobs in 2014

Madrid - AFP

Spanish Prime Minister Mariano Rajoy vowed in an end-of-year message Friday to deliver longed-for jobs to the hard-hit nation in 2014. Rajoy sounded an optimistic note after the eurozone's fourth largest economy emerged gingerly from recession in the third quarter of 2013 despite registering a staggering 26-percent unemployment rate. "Next year, when I appear before you again, there will be fewer people unemployed and more people working," the Spanish leader told a news conference after the last cabinet meeting of the year. The Popular Party government remained "far" from its key goal of generating net jobs growth, the prime minister conceded. Nevertheless, Rajoy said he expected Spain would end 2013 with fewer people registered as unemployed than in 2012. "That has not happened in Spain since 2006," he said. Rajoy said Spain's economy, which expanded by 0.1 percent in the third quarter, had regained a path of "modest" growth in the second half of 2013. "So we can affirm that we have witnessed a clear change in the situation," he said. The prime minister thanked Spaniards for the efforts they had made in 2013, when a budget squeeze, high unemployment and corruption scandals led to angry street protests. "If 2012 was the year of tightening, 2013 was the year of reforms and 2014 will be the start of the economic recovery in our country," Rajoy said. "We are ending the year with much more solid foundations for economic recovery." The prime minister said electricity prices would rise by 2.3 percent in the first quarter of 2014 after his government cancelled a bidding process by energy companies that would have sent bills soaring by 11 percent. However, the prime minister said the cabinet had decided to freeze the minimum wage for next year at 645.30 euros ($890) a month while lifting pensions, which are no longer linked to inflation, by just 0.25 percent. Spain was pushed to the brink of an all-out sovereign bailout in 2012 but was saved in large part by a European Central Bank promise to intervene if necessary on the bond market, lowering the country's borrowing costs. Nevertheless, the country had to borrow 41 billion euros from its eurozone partners to shore up tottering banks, ridden with bad loans since a decade-long property boom imploded in 2008. The government, which took power in December 2011, has enacted reforms making it easier to change work conditions and cheaper to lay off staff. At the same time, it has implemented austerity policies, including cuts in health and education, so as to curb annual deficits and rein in the national debt. Last month, Standard & Poor's upgraded Spain's credit rating outlook to "stable" from "negative", citing its diversified economy and the government's reform agenda. But the agency said the outlook for Spanish debt, which is rated just one notch above junk-bond status, was constrained by high private and public debt, low economic growth prospects through 2016 and "remaining inflexibilities" such as the job market. Spain's government is forecasting a 1.3-percent economic contraction in 2013 and 0.7-percent growth in 2014, a pace considered by many analysts to be insufficient to lead to net job creation.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish pm promises jobs in 2014 Arab Today, arab today spanish pm promises jobs in 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish pm promises jobs in 2014 Arab Today, arab today spanish pm promises jobs in 2014

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday