ECB says job saving schemes delay recovery

Report of comments made by the European Central Bank in the June 2009 issue of its Monthly Bulletin. It warned that short-time working and other schemes that have staved-off steep rises in eurozone unemployment could undermine an economic recovery and further strain public finances,

ECB: Monthly Bulletin, June 2009 http://www.ecb.int/pub/pdf/mobu/mb200906en.pdf

ESO: Background information: Short-time work brings long-term benefit http://www.europeansources.info/record/short-time-work-brings-long-term-benefit/

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