Saturday, February 11, 2012

Spain's new conservative government announced drastic changes to the country's labor system Friday, in some cases altering contract terms that have been untouched for 50 years, in a bid to bring down Europe's worst unemployment rate.
I'm not sure that'll be enough, but it's a good first step towards reducing the unacceptable jobless rates, which are double from the OECD average and reaches almost 50%! among the young.

More at BusinessWeek.