Sunday December 21, 2014 Search
Weather | Athens
17o C
10o 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)  
Workers rush to get early retirement
Piraeus Containter Terminal goes from strength to strength
Moscovici: Creditor inspections to become less frequent and ‘lighter’
Property capital gains tax halt
Environment Ministry to reconsider controversial bill
The government over the weekend appeared to backpedal on proposed amendments widely seen as compromising legislation protecting Greek forests as well as Plaka, Athens’s old quarter. The bill...
Corfu to host country’s first hydroplane strip
Merchant Marine Minister Miltiades Varvitsiotis and Deputy Infrastructure and Transport Minister Michalis Papadopoulos have signed a decision paving the way for the country’s first hydroplan...
Inside News
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
COMMENTARY
The big picture
In his second term, US President Barack Obama is taking steps to enshrine his legacy and solidify America’s standing in the 21st century. His recent decision to normalize relations between t...
EDITORIAL
Get your facts straight
The danger that political discourse in Greece will sink to the basest levels of vulgarity is already more than apparent from the allegations we have heard bandied about over recent days. The...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Environment Ministry to reconsider controversial bill
2. Corfu to host country’s first hydroplane strip
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Police gets new communications system
5. Most Greeks say they recycle daily
6. Probe into revenues of 2 mln euros in Halkidiki municipality
more news
Today
This Week
1. Get your facts straight
2. The big picture
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Environment Ministry to reconsider controversial bill
5. Changes on E9 property declarations possible until end-year
6. Police gets new communications system
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Gap between SYRIZA and New Democracy closing, says poll
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.