Sunday October 26, 2014 Search
Weather | Athens
17o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU finance ministers to examine bloc’s ‘major social problems’

By Ian Wishart

Tackling unemployment and poverty should be a priority for European policy makers in order to cut public debt and boost growth, according to a paper to be discussed by European Union finance ministers.

The EU’s “major social problems” need addressing if the 28-nation bloc is to recover from the debt crisis it has faced over the past four years, the paper from the Brussels-based policy group Bruegel says.

“The economic crisis has led to a significant deterioration of the social situation in a number of European countries,” the paper’s authors write. Unemployment may “have lasting effects on income inequality for the next generation.”

The EU finance ministers’ gathering in Greece on April 1 and 2 takes them to the country whose debt mountain forced it into a bailout in 2010 and triggered turmoil across the region. While the euro area has now emerged from its longest-ever recession, unemployment remains at 12 percent, close to the record level it reached last year.

Governments should reform “inefficient” labor markets, introduce better training programs and improve how tax and benefit systems target those most in need, write authors Zsolt Darvas and Guntram Wolff in the paper obtained by Bloomberg News.

“There is scope for reducing government spending without undermining the achievement of goals in countries with inefficient welfare systems,” the report says.

Ministers will also discuss changes to the EU’s banking structure, rules for failing banks and long-term financing of the economy during their two-day meeting.

[Bloomberg]

ekathimerini.com , Monday March 31, 2014 (09:12)  
Nicosia says reforms are bringing results
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Samaras pledges action after flash floods in Athens
Authorities began on Saturday assessing the damage done by flash floods in various parts of Athens a day earlier, with Prime Minister Antonis Samaras pledging that all those affected would b...
No court hearings for civil cases
Greek courts are to stop conducting hearings, which include witness questioning, for civil cases, according to plans drawn up by the Justice Ministry. Kathimerini understands that in a bid t...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Samaras pledges action after flash floods in Athens
3. Banks need to step up
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. No court hearings for civil cases
6. Nicosia says reforms are bringing results
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.