CCTV.com - CNTV English - CCTV News

Spain cuts state help for long-term jobless

12-02-2010 08:42 BJT

Watch Video

Play Video

The Spanish government, has announced it will end special payments, to the long-term unemployed, in February,only ONE year after the scheme was introduced. The "jobless welfare payment" was taken up by about 70,000 people. The move comes, as the country, struggles to pull itself, out of nearly TWO years of recession.

The monthly 420 Euro payment to people whose unemployment benefits have expired, will be abolished from February 2011. It demonstrates the Spanish government's continued anxiety over its economy.

Unemployment in Spain, is the highest in the eurozone. But the figures fell for the first time in over 3 years in the third quarter, to 19.8 percent.

Jose Luis Rodriguez Zapatero, Spanish Prime Minister, said, "We will increase the numbers of public services staff to help jobseekers, to generate activity, and facilitate the creation of new jobs. The program of special jobless payments for the long-term unemployed will cease in February."

The government also plans to introduce new tax measures for small and medium companies, and allow private investment into the state-owned lottery, and airport management businesses.

Spain had one of the highest public deficits in the euro zone in 2009, at about 11 percent.

It has since introduced austerity measures, trying to bring the public deficits to within the EU limit of 3 percent by 2013.

Spain's financial markets have taken a hammering in recent weeks, as investors acted on fears the country would require a bailout, similar to Greece and Ireland.

But the government insists it does not need help. Its latest measures appear designed to convince investors that Spain has the situation well under control.

Editor:Zhang Jingya |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program