ILO urges jobs-led crisis response
8 April 2013
EU governments urgently need to shift to job-centred growth strategies, says The International Labour Organization (ILO).
Mon, 8 Apr 2013EU governments urgently need to shift to job-centred growth strategies, says The International Labour Organization (ILO).
The ILO makes the recommendation in its Snapshot of the labour market in the EU, noting that only five out of 27 EU countries (Austria, Germany, Hungary, Luxemburg and Malta) have employment rates above pre-crisis levels.
“While fiscal and competitiveness goals are important, it is crucial not to tackle them through austerity measures and structural reforms that do not address the root causes of the crisis,” the report says.
Addressing issues in the financial sector that deny smaller employers access to money needed for growth and job creation is one of the key recommendations made by the ILO.
The ILO makes the recommendation in its Snapshot of the labour market in the EU, noting that only five out of 27 EU countries (Austria, Germany, Hungary, Luxemburg and Malta) have employment rates above pre-crisis levels.
“While fiscal and competitiveness goals are important, it is crucial not to tackle them through austerity measures and structural reforms that do not address the root causes of the crisis,” the report says.
Addressing issues in the financial sector that deny smaller employers access to money needed for growth and job creation is one of the key recommendations made by the ILO.
