“Spain’s central bank called for a suspension of the minimum wage in selected cases, saying a year-old overhaul of labor laws had made the economy more competitive but failed to encourage hiring. The Bank of Spain’s recommendation, though not binding on the conservative government, reflects growing concern among policy makers about the country’s 27% unemployment rate. Many economists have called for offering lower wages to younger workers; more than half of the job seekers under age 25 are out of work. Germany’s minijobs program pays workers up to €450 per month ($592), far less than Spain’s legal minimum of €645.”

http://online.wsj.com/article/SB10001424127887324682204578517240528279954.html

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