Spanish P.M. vows to limit public and regulated prices

Madrid, May 16 (EFE).- Prime Minister Mariano Rajoy on Thursday assured the leaders of some of Spain's largest business and labor organizations that he was committed to limiting the prices of public and regulated services.

Rajoy discussed his position at the Moncloa Palace, where he and Employment Minister Fatima BaƱez met with the leaders of the CEOE and CEPYME business organizations, as well as CCOO labor federation secretary-general Ignacio Fernandez Toxo and UGT labor federation secretary-general Candido Mendez.

The government will use the "measures and instruments within its reach" to limit public and regulated prices, Rajoy said.

The government is committed to "greater control" over these prices in light of the fact that business groups and labor unions agreed to moderate wage and benefit increases in 2012, the prime minister said.

Working groups will be created to energize the social dialogue on "social protection, employment and social security," Rajoy said.