Spain Won’t Cut Unemployment Benefits, Labor Minister Tells ABC

Spain won’t reduce benefit payments for the unemployed, Labor Minister Fatima Banez told ABC newspaper in an interview.

“Unemployment benefit is a right of the workers and this government isn’t going to touch it,” the newspaper cited her as saying.

Spain’s Cabinet last week approved a law reducing companies’ firing costs and making it easier for them to opt out of wage-bargaining agreements in a bid to tackle the jobless rate.

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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