Spain Needs ‘Diet’ to Narrow Budget Gap, Employers Say

The Spanish government has failed to properly reform public spending and should deliver further cuts to tackle one of the highest budget deficits in the European Union, Spain’s main business lobby CEOE said.

“It’s a question of management, public spending has to be put on a diet,” Chairman Juan Rosell Lastortras said in an interview in his office in Madrid on March 19. “The state should fund only what it can afford to and as long as investments are profitable.”