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>Spain doesn't "just" need stimulus, it needs well guided and allocated stimulus or it will accomplish nothing. The last thing Spain needs is "stimulus". What
by tsotha 14y ago
>Spain doesn't "just" need stimulus, it needs well guided and allocated stimulus or it will accomplish nothing.
The last thing Spain needs is "stimulus". What they need to do is fix the labor market so it's possible to fire people. When employers can't fire people they only hire as an absolute last resort. That means companies can't exploit growth opportunities as easily and it means employers are unlikely to gamble on people who don't have a solid resume, i.e. young people.
- Sevein 14y agoIt's not like that anymore. Some agressive reforms have been done in the last years and they didn't help much.
- pfortuny 14y agoNope. all those "reforms" were cosmetics. As long as public workers cannot be fired -which they cannot be, de facto (show me one)- there is NO reform in Spain. Really. And firing people is as expensive as it used to be, more or less. This govt has done really nothing relevant in this area.
- paradoja 14y agoFiring costs in Spain are lower than in Germany: http://www.tradingeconomics.com/spain/firing-cost-weeks-of-wages-wb-data.html http://www.tradingeconomics.com/spain/firing-cost-weeks-of-w... http://www.tradingeconomics.com/germany/firing-cost-weeks-of-wages-wb-data.html http://www.tradingeconomics.com/germany/firing-cost-weeks-of...