Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-19-Speech-1-210-500"

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"en.20121119.25.1-210-500"2
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". Over the past few years, most of the responses to the economic and financial crisis have been focused on the objective of restoring sustainability in public finances, something which is fundamental to the economy of the Union. In my view, however, it is appropriate now to pay attention to the negative effects that such austerity measures can have on employment and competitiveness in Europe and to supplement them with interventions that aim to promote jobs, such as well targeted social investments. The situation in the jobs market in Europe, already a complex one, has been further exacerbated by problems relating to educational systems and the ageing population. On the one hand, the output from education in the Union is not suited to the growing need for specialised work demanded by the market, and on the other – because of the ageing population – the number of people joining the jobs market is falling. This demographic trend will have serious repercussions for the jobs market, for the potential for economic growth and for public savings. I believe that, in order to restore sustainable growth in Europe, it is imperative to meet these challenges, partly through well targeted social investments which have the objective of preparing society to manage a change to much more flexible jobs markets, of restoring sufficient levels of employment in future and of improving Europe’s competitiveness."@en1

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