Spain may introduce changes in labor laws to fight unemployment

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Source: Bloomberg
© Scanpix/RS
Spain's Prime Minister Mariano Rajoy may take the OECD advice and carry out more intense adjustments in the labor code to overhaul current jobless rate of 26%. Country's economy is recovering from recession and is expected to satisfy budget deficit goal in 2013, yet there is a need to decrease borrowing costs in order to avoid austerity measures.
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