In the News, Politics & Policies

Europe not doing enough on jobs and growth

The national governments of Europe are not doing enough to create jobs and growth. The president of the European Commission, Jose Manuel Barroso, delivered this message after meeting with representatives of employers and trade unions in Brussels. Barroso called for immediate action.

The crisis is going on unabated. Average unemployment in the EU is over 10 percent. In some countries the numbers have actually hit Great Depression levels. In Greece and Spain, general unemployment is about 25 percent and among young people it’s a staggering 50 percent. Across Europe, young people have the highest joblessness rates – over 22 percent.

Experts say this means that in many European countries, there is a big gap between the labor markets for young and older people, which makes the situation even more fragile. Employers say they’re willing to do their part, but only under the right conditions…

via PressTV – Brussels says Europe not doing enough on jobs and growth.

Discussion

7 thoughts on “Europe not doing enough on jobs and growth

  1. Zynkin absolutely agrees that not enough is being done.Jobs are the only way to create more wealth in the economy and less benefits but it is a catch 22. How can businesses take on more people when the customer base they have is getting smaller. This is a terrible cycle that will continue to worsen. In Spain, the situation is going to get worse and in Greece you will see the situation explode (trust me ,nothing you see now is like what it will be in a few months). How can I comment on this? I live in Spain after moving back here from 12 years in Greece.
    Will Spain become the same as Greece…maybe not as this difference is the Spanish at least produce things.The wealth in Spain especially from Expats is huge but squeeze them (the middle classes) and god knows what will happen!
    In order for businesses to take on more people they must have a method of reducing their current expenses without a negative effect on productivity….How is the trillion dollar question.

    Posted by Z | October 19, 2012, 8:12 am
  2. Reblogged this on ZYNKIN NEWS and commented:
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    Posted by Z | October 19, 2012, 8:14 am
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Trackbacks/Pingbacks

  1. Pingback: Unemployment,Europe,Society…Where is it going? | ZYNKIN MARKETING - October 19, 2012

  2. Pingback: EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment « Job Market Monitor - November 9, 2012

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