Spain's central bank urges government to........>

ECB: Spain's central bank urges government to stick with labour reforms (FT)

- Spain's central bank chief has warned its new leftwing government not to scrap

a landmark labour reform that economists say is crucial to the country's

recovery. Pablo Hernandez de Cos told the Financial Times that Spain's

competitiveness could be hit by moves such as a shift from company-level to

sector-wide bargaining over wages and conditions - a priority for the ruling

coalition. "The Spanish economy still needs to keep its competitiveness at a

high level," Mr Hernandez de Cos said in an interview. He also put down a marker

in the debate on eurozone monetary policy, calling on the European Central Bank

to adopt a clear inflation target of 2 per cent, rather than its current, more

complicated formulation.

- Link: https://www.ft.com/content/884d3e86-4750-11ea-aee2-9ddbdc86190d