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Europe's recurrent employment problems. CEPS Policy Brief No. 271, May 2012

Gros, Daniel (2012) Europe's recurrent employment problems. CEPS Policy Brief No. 271, May 2012. [Policy Paper]

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    Abstract

    As unemployment climbs to new heights, Europe’s policy-makers are desperately casting about for the few instruments with which the EU can claim to foster growth. After a thorough examination of the facts on the ground, however, this paper finds that the North and the South of the euro area are diverging so much that they need very different policy prescriptions. Moreover, it points out that the two instruments that the EU has at its disposal to address structural problems in the South (the EIB and the Structural Funds) are unlikely to be effective this time. Nevertheless, the paper concludes that the situation is not hopeless and that deep service-sector reforms in Germany would also be helpful to unlock the country’s productivity potential and open its market for the export of services from southern Europe. Opening the German market would yield a ‘double dividend’: not only would Germany benefit, but the South would also have the chance to find jobs for its rather well-educated youth, which right now face only the unhappy choice between unemployment and emigration.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 22 May 2012 12:40
    Number of Pages: 8
    Last Modified: 24 May 2012 08:49
    URI: http://aei.pitt.edu/id/eprint/35032

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