Too many brokers were far more interested in earning fat fees for steering their clients to ruinously priced loans that the borrowers could never hope to repay.
If introduced at the same flat rate throughout the country, this could be ruinously expensive for many small businesses, and stoke more inflation as employees seek to maintain their pay differentials.
Spain’s Socialist Prime Minister, José Luis Rodríguez Zapatero, touts it to justify the retention of labour-market laws that make it ruinously expensive to sack permanent employees.
Farmers had two roles: first, to produce as much grain as possible for urban consumption, however ruinously low the prices; second, to provide cheap Labour to the cities.
Spain's Socialist Prime Minister, jose Luis rodriguez Zapatero, touts it to justify the retention of labour-market laws that make it ruinously expensive to sack permanent employees.