An employment-oriented investment strategy for Europe

Author (Corporate)
Publication Date 2015
ISBN 978-92-2-129410-8
Content Type

The employment situation remains a major source of concern in the majority of countries in the European Union. Half of the region’s unemployed have been without work for more than a year, and unless the policy approach changes, the prospects are for a sluggish employment recovery.

The Investment Plan proposed by the European Commission is thus a welcome initiative that recognizes the immediate need for stimulating growth, fostering Europe’s competitiveness and tackling the employment crisis.

This report finds that for the Investment Plan to make a significant dent in unemployment, the design of the programme is crucial. Taking into account the magnitude and diversity of the labour market challenges, placing greater emphasis on complementary labour market policies and ensuring that small enterprises have access to credit will lead to better outcomes. In addition, any measures developed as part of the Investment Plan need to form the basis of a medium-term employment strategy that aims at quality job creation and avoids a 'race to the bottom' in terms of wages and working conditions.

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Related Links
EurActiv, 29.01.15: ILO: EU investment plan could create 2.1 million jobs
ESO: Background information: Statement in the European Parliament plenary session on the €315 billion Investment Plan / EU launches Investment Offensive to boost jobs and growth

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