Spain: government, employers and unions sign “grand social pact”

Exercise of shared responsibility.  Bringing this pact into the tradition of social dialogue which, since the transition to democracy, has been “one of the elements that helped permanently configure regulations for our social and professional system,” the signatories point out that, “in difficult situations, it is important to improve the economy’s cements” and highlight the importance of this “exercise of responsibility shared between the government and the social partners, to send society a clear message of social solidarity and trust,” and their “commitment to improve the capacity for growth and regain the credibility of investors, both national and international.”  The objective of the economic and social agreement is, therefore, to guarantee the balance of public accounts based on austerity, the long-term viability of the public system of social security, especially for pensions, and increase the dynamics of the economy’s competitiveness in order to help it generate quality jobs.  Here is the detailed content of the agreements: 
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ntly configure regulations for our social and professional system,” the signatories point out that, “in difficult situations, it is important to improve the economy’s cements” and highlight the importance of this “exercise of responsibility shared between the government and the social partners, to send society a clear message of social solidarity and trust,” and their “commitment to improve the capacity for growth and regain the credibility of investors, both national and international.” The o

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