Spain: the government launches its plan for the revival of employment 2009-10 as a matter of emergency

Publication

8 December 2008 à 12h50

Reading time

2 minutes

Publication: 8 December 2008 à 12h50

Reading time: 2 minutes

Employment enhancement measures. This exceptional credit will mostly be allotted – up to €8 billion – to a public local investment fund aimed at immediately developing investments into public works and equipment, via the city councils, which should create around 300.000 jobs. The plan, with an immediate effect, will be carried out as an urgent procedure, which will enable municipalities to start those works by January 11, 2009, and until April 13, 2009. The rest of the credit will be divided: €800 million will be given to the auto sector; €600 million will be dedicated to environmental action; €500 million to research and development; €520 million to house refurbishment; €30 million to the revival of tourism. Besides, €400 million will be sent to the local governments to implement the law on assistance to dependent people.

Publication

8 December 2008 à 12h50

Reading time

2 minutes

Publication: 8 December 2008 à 12h50

Reading time: 2 minutes

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rant for the Official Credit Institute (ICO) to open new credit lines for SMEs.

Measures to support the financial system (with €250 billion allotted to the purchase of financial gains for the State).

The creation of a work group to prepare for the modernization of the economy and the services’ sector.

Measures in favor of employment, with an exceptional €11 billion credit, i.e. 1.1% of the GDP, chargeable to the 2008 budget, with the aim of slowing job losses down as quickly as possible and of rev

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