European Union and the economic crisis

"It just took a few months, and an unanticipated financial crisis, to wipe out most of the growth and employment benefits generated by the recent “EU2020” strategy. Ill-suited to the current economic environment, the EU2020 strategy must now be complemented by a new “exit” strategy, to lead the...

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Bibliographic Details
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Bruxelles 2011
Larcier
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19133334124919515169-european-union-and-the-economi.htm
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collection Library items
description "It just took a few months, and an unanticipated financial crisis, to wipe out most of the growth and employment benefits generated by the recent “EU2020” strategy. Ill-suited to the current economic environment, the EU2020 strategy must now be complemented by a new “exit” strategy, to lead the Europe Union (“EU”) out of the crisis. Upgrading the current policy instruments will undoubtedly be a daunting challenge. 2010 is expected to be the annus horribilis for employment figures in the EU, and the real impact of the crisis is still to be felt. Months after months, plants are being shut down and firms restructure. Everywhere throughout the EU, unemployment rates surge. European citizens and companies expect strong reactions from the EU institutions, not only in favour of growth, but also to protect and create jobs. The EU is thus faced with a major opportunity to take the leadership, and demonstrate to citizens and companies that it is up to the challenge. More generally, the crisis is also a critical test for the EU: Is it able to reconcile its traditional economic purpose with the serious social concerns arising from the crisis?"
format TEXT
geographic EU countries
id 19133334124919515169_0bfe9dc03c7447b7afac9980eeba3e11
institution ETUI-European Trade Union Institute
is_hierarchy_id 19133334124919515169_0bfe9dc03c7447b7afac9980eeba3e11
is_hierarchy_title European Union and the economic crisis
language English
physical 132 p.
Paper
publishDate 2011
publisher Bruxelles
Larcier
spellingShingle economic and social rights
economic recession
employment policy
EU policy
European Monetary System
private sector
social policy
trade unionism
European Union and the economic crisis
title European Union and the economic crisis
topic economic and social rights
economic recession
employment policy
EU policy
European Monetary System
private sector
social policy
trade unionism
url https://www.labourline.org/KENTIKA-19133334124919515169-european-union-and-the-economi.htm