Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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)  
Tourism targets rise ever higher
Horse race betting hurdle removed for OPAP
Revised GDP data confirm that Greek growth is near
Measures to reduce unemployment
Education minister calls for probe into predecessor´s reform plan
Following reports that a plan to reform the tertiary education sector launched in the spring of 2013 failed to lead to millions of euros in savings, Education Minister Andreas Loverdos on Mo...
Anti-racism bill goes back to Parliament
An anti-racism bill, foreseeing stiffer penalties for individuals and political parties that engage in racism or incite racist violence, is to be debated in Parliament on Tuesday following m...
Inside News
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
ANALYSIS
EU’s three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Poland’s prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the country’s need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Don’t feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. The battle against progress
2. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.