Mr. Zapatero's proposed changes include more flexibility for collective wage bargaining, reducing working hours to preserve employment and improvement of job-placement services.
They come as Spanish banks are sending signals that their interest in public debt is on the wane, putting further pressure on the government to rein in one of Europe's biggest deficits.
The prime minister said his labor-market proposals would pre-empt the need for more controversial steps, such as a reduction in Spain's high dismissal costs. Economists say those costs discourage hiring as well as the creation of a new type of contract they say would simplify hiring and firing. Read the complete article in the WSJ here.
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