Spain reaches economic pact with unions, business

The Spanish government reached an agreement with main labour unions and business groups late on Monday to lay the way for a comprehensive package of further reforms to stimulate a weak economy.
The pact between the three groups was widely expected after they agreed to pension reform on Friday that will raise the retirement age to 67 from 65.
The agreement will likely see reforms announced this week to help the jobs market in areas such as collective bargaining and measures to liberalise the energy market and improve research and development.