Cabinet approved new pay limits at public companies and reduced board members before a full overhaul of the sector aimed at curbing spending to meet European Union budget pledges. “The Cabinet will examine in a few weeks the first phase of a restructuring of the state-owned companies,” Deputy Prime Minister Soraya Saenz de Santamaria told reporters after the weekly meeting in Madrid today. Spain’s two month-old government is trying to slim down state spending that Continue reading Spain to Slim Public Companies That Have $75 Billion Debt
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