Sunday, March 13, 2011

Zapatero is going to adjust wages to productivity

President requires a flexible bailout fund for countries with debt problems.
José Luis Rodríguez Zapatero, has sent a letter to the permanent European Council president, Herman Van Rompuy ,that is accepting adjust wages to productivity, one of the measures contained in the Covenant adopted by the Euro on Friday that the eurozone leaders at the request of Germany.
That implies to have more attention for the labor market. If they align salaries and productivity, is going to increase the employment and the training of the workforce.
Zapatero claims that opening up protected sectors is very important. He believes in the liberalization of sectors linked to the overall economy: professional services, energy or the digital economy.
It also asks the Commission a greater effort in evaluating the reforms that each country of the Covenant.
The Moncloa sources have insisted that the wage adjustment is the responsibility of the bilateral negotiations between employers and unions, which have until March 19 to reach agreement.
The Euro pact obliges Zapatero and other leaders of the eurozone to announce new measures to improve competitiveness in the March 24 summit.
The Government could undertake to carry out some reforms. Although no negotiations have been completed taking into account the reform of collective bargaining and employment policies.
During the summit of the eurozone to be held this Friday, Zapatero defended facilitate flexible bailout fund for countries in debt and strengthen its financial capacity.


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