BREAKING NEWS

Spain's PM meets with business leaders to stimulate economy

By ASSOCIATED PRESS

NOVEMBER 27, 2010 15:13

MADRID — The Spanish prime minister met with the country's top business leaders on Saturday in a bid to stimulate a faltering economy and ease fears generated by the eurozone debt crisis.

Jose Luis Rodriguez Zapatero chaired the gathering with the heads of 37 of the country's largest businesses, including Emilio Botin of Santander bank, Cesar Alierta of telecommunications giant Telefonica and Florentino Perez of construction and services company ACS and Real Madrid football club.

Finance Minister Elena Salgado said the entities were "the tractors of our economy" and the meeting was "to discuss growth perspectives and the possibilities of stimulating that growth."

Spain is struggling to recover from nearly two years of recession with unemployment at a euro-zone high of almost 20 percent.

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