Spanish ministers approved Friday a wide-ranging 10-year reform plan designed to wean the economy off its dependence on construction and create broader, more sustainable growth as the country fights to climb out of recession. The bill, which now goes before Parliament, features everything from tighter supervision of the financial sector — and forcing listed companies to tell shareholders how much their executives earn — to measures making it easier for Spaniards to start up small businesses.
The plan also calls for bigger tax breaks for companies that invest in research and development, more help for Spanish exporters and changes that force government agencies and other businesses to pay faster for services or goods bought from private-sector suppliers.
It also boosts vocational training in a country that turns out armies of university graduates who often end up underemployed.
For more: Spain Weighs 10-Year Plan to Overhaul Economy - ABC News
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