The issue Access to the single market is one of the core benefits of the United Kingdom’s membership of the European Union. A vote to leave the EU would trigger difficult negotiations on continued access to that market. ...
Das Problem: Die Arbeitslosigkeit in Europa ist in große Höhen angestiegen. Gleichzeitig bleibt das Wirtschaftswachstum gedämpft. Deshalb ist es an der Zeit, eine Debatte über mögliche zusätzliche wirtschaftspolitische I...
The Italian Presidency of the EU has asked Bruegel to give a presentation to European Labour and Social Ministers at the informal EPSCO meeting in Milan on July 18. The aim of our presentation was to clearly lay out the major issues and to discuss the pros and cons of a European Unemployment Insurance (EUI). A number of important technical papers have already been done on the topic, for example by the French treasury. Taking one step back, we gave the following key messages.
Prior political consent to fiscal risk sharing needed
Ambitious project with implications for
labour market institutions, activation policies etc.
moral hazard (e.g. early retirement policies, health insurance(?), etc.)
and public finances
While more European stabilization mechanisms desirable, other mechanisms may be quicker
EUI not easy to build therefore rather for next crisis
Investment fund and better use of EU budget may be more practicable
Could be a powerful signal of a further „federalisation“ of Europe and solidarity if political consensus
Could be a strong mechanism to fundamentally reform labour markets.
The European Union faces major social problems. More than six million jobs were lost from 2008-13 and poverty has increased. Fiscal consolidation has generally attempted to spare social protection from spending cuts, but...
