Spanish Prime Minister Mariano Rajoy gestures during a news conference to present a report about cutting back layers of bureaucracy and making the government more efficient, at Moncloa Palace in Madrid June 19, 2013. REUTERS/Juan Medina
MADRID (Reuters) - Spain will cut red tape and shut down redundant institutions in an overhaul of state bureaucracy, Prime Minister Mariano Rajoy said on Wednesday, putting no figure on potential savings or job losses.
Rajoy said the central state should close many of its 4,800 separate bank accounts while all levels of government could unify contracting of power, cleaning and telephone services and get rid of overlapping energy and competition watchdogs.
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