POST Online Media Lite Edition



 

ETUC: A radical change is needed in Europe

Staff writer |
The European Commission published its Annual Growth Survey (AGS) 2014, launching the next cycle of European economic policy coordination.

Article continues below






From the European Trade Union Confederation (ETUC) perspective, while there may be timid signs of economic recovery, for the almost 27 million unemployed and those at risk of poverty across Europe, there is no recovery in sight.

"Sadly, the prospect of a jobless recovery continues to loom large in Europe. The AGS proposes a continuation of the very economic strategies that have prolonged the crisis and contributed to the decline in employment and the social situation in many countries. A radical change is needed. Europe needs investment not austerity; member states must stop the strategy of an endless race to the bottom based on lower wages and working conditions.

"The ETUC has proposed a bold plan for a new way forward: an investment plan to bolster the creation of quality, sustainable jobs in Europe. For the first time, the views of the European social partners have been displayed by the European Commission, as requested. The ETUC recognises this as a step forward in improving the involvement of the social partners in European economic governance," said ETUC in a release.

Responding to the Annual Growth Survey, Jozef Niemiec, ETUC deputy general secretary said: "Europe's citizens have already expressed their dissatisfaction with austerity and their growing doubts about Europe's future. Business as usual is not an option. European competitiveness cannot be based on a race to the bottom. European economic governance must go hand in hand with a policies that foster quality job creation, social progress and cohesion."


What to read next

UN calls for greener investors at COP23
EMEA listed companies' cash reserves almost $1 trillion
EIB approves record investment with EUR 6 billion for SMEs