Bloomberg:
Spain's problem isn't the deficit, it's jobs, says Ciudadanos
4 June 2015
Spain needs to strip away the barriers to creating high-quality jobs instead of focusing on budget cutting if the country is to tackle its deficit problem, according to Luis Garicano, the economic policy chief at pro-market party Ciudadanos. If Spain reforms its universities, reduces the cost of permanent labor contracts and creates incentives for business start-ups, the budget deficit will take care of itself, said Garicano, who is also a professor at the London School of Economics. The lure of making easy money through political contracts is diverting ambitious young people who might otherwise be starting businesses and creating jobs, he added.
This article was published by Bloomberg News on June 4, 2015
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Also in:
Washington Post
Spain's Problem Isn't the Deficit, It's Jobs, Says Ciudadanos
La Repubblica Spain's Problem Isn't the Deficit, It's Jobs, Says Ciudadanos
Related links
Luis Garicano webpage
Productitivy and Innovation Programme webpage