Europe will have to “work very hard” to maintain the most generous welfare system in the world and remain globally competitive, said Angela Merkel, the German chancellor, in an interview with the Financial Times.
The key to Europe’s ability to survive the challenge of globalisation is to spend more on research and education and overhaul its tax and labour markets to restore competitiveness, she said.
An unrepentant Ms Merkel, regarded by many Europeans as the author of excess austerity to curb the debt crisis in the eurozone, spelt out her determination at last week’s EU summit in Brussels to see her partners commit themselves to binding contracts for more structural reform.
Choosen excerpts by Job Market Monitor from
via Merkel warns on cost of welfare – FT.com.
Job Market Monitor : Hard data do not support the view that Germany is the busiest country
Which OECD country is the busiest ?
Mexico is 1st and Canada is 4th. U.S. is below average. This is coming from: Who’s busiest: working hours and household chores across OECD published on OECD site. The overall picture “Mexicans work longer days than anyone else in OECD countries, devoting 10 hours to paid and unpaid work, such as cleaning or cooking at … Continue reading »
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Posted by Doyle Ryans | April 9, 2013, 11:21 pm