FALLING wages have allowed Spain to save jobs the Prime Minister has said.
Lower wages were “one of the keys” to overcome the economic crisis, he said at a press conference.
“In difficult situations, it is better to bet on earning a little bit less and maintain as many jobs as possible,” Rajoy said.
“The latest jobless figures can’t satisfy anyone, but they show us that there can be hope”.
The International Monetary Fund has warned that Spain faces five more years with unemployment rates topping 25% unless it enacts yet more reforms including measures to help firms slash wages instead of axing staff.
Rajoy vowed not to scrap the minimum wage.
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