And there was a compromise at the level of indexation at 80%?
The system of collective bargaining in Spain can be characterized by its large scope, intermediate degree of centralization, substantial inertia in wage indexation and homogeneity in wage setting decisions.
The indexing was re-checked in June 2010, to ensure the correctness of indexation for 2009.
What was so deadly in 1979 was the prevalence of "indexation": wage settlements linked to inflation.
He drew especially on the 2007 PricewaterhouseCoopers (PwC) study of the weightings of comparable roles and methods of indexation.
And don't forget that all benefits are worth less, relative to living costs, because of indexation changes.
"So the proposition that in the return of indexation, or the failure to return indexation, will result in a collapse in bulk billing is simply not true and it is not born out by the evidence," Turnbull said.
That kind of indexation fuelled the high inflation that plagued Brazil for decades until it was ended by the Real plan of 1994.
However, this is supposedly a "transitional" arrangement until the pension credit is introduced: from 2003-04, normal service of indexation to inflation will resume.
Search queries will be less resultful due to terminological variation that lessens the effectiveness of indexation.
Take the example of indexation, which was one of the things put on the Round Table by Solidarność.
