While the Roman Senate labor reform promoted by the Government of Matteo Renzi, in Milan, Italy’s economic capital, the Heads of State and Government of 15 nations of the European Union was discussed, among which was President Mariano Rajoy, were to attend the summit on employment. The priority that the EU leaders marked in their diaries after the meeting is to reduce taxes on labor to encourage entrepreneurship and hiring by businesses. In the press after the meeting, President of the European Council, Herman van Rompuy, said that such actions may be “the greatest promotion to relaunch occupation” in Europe and stressed the importance of focusing on combating youth unemployment. In this regard, the summit participants studied how to invest efficiently and concrete 6,000 million during this year and next will be devoted to policies against unemployment. A portion of these funds have not yet been allocated to specific projects.
The host spoke to the media shamelessly to the struggle within the EU among the staunchest advocates of austerity, led by German Chancellor Angela Merkel, and who think that the focus should be on economic growth, as proposed by Renzi own French President François Hollande. “The debate between austerity and growth as we are doing in the newspapers and in the corridors of Brussels can end their first victim: common sense. Without growth there is no work, no work, no dignity and no Europe without dignity. Replace the focus on growth means asking Europe to be herself again, ‘said the Italian prime minister, who warned that “we are losing an entire generation of Europeans.”
Rajoy argued that on EU funding for promoting youth employment, amounting to more than 1,800 million euros in the case of Spain, so that spending does not affect the deficit. At the end of the summit, the president expressed confidence that soon there may be agreement in the EU on a number of issues that can contribute to economic growth and job creation, including advancing funds called warranty youth employment. When asked for when it expects Spain to dispose of those funds, he replied that “the sooner the better”, but has stated that he can not be waiting two years to meet them without starting the program because “the government is not to lose time ‘in this case and therefore already being implemented.
Hollande, meanwhile, were in favor of asking for public and private investment for economic growth. “We will never have sustainable balance if revenues grow and improve. Trim just does not make sense, “he said. His words were especially directed at Merkel, who was willing to change the procedure that uses Brussels where a Member State exceeds the deficit set. The foreign minister also welcomed the labor reform approved by the Italian Government.
To avoid giving the impression that there is an open conflict between EU leaders, Merkel stressed that we must study well where the money is injected intended employment policies. “We need to invest, but we must know where we invest, we need to identify what are the jobs of tomorrow and just make this investment,” he stressed. Hollande, who claimed that Brussels approved an investment of 20,000 million euros until 2020 to combat unemployment, agreed with his German colleague at this point to emphasize the need to identify first where they will spend the funds. The French president offered three areas in which, in his opinion, it is necessary to act to achieve economic growth. The first is facilitating access of the unemployed to the workforce. Second, the modernization of the labor market. In this regard, he praised the measures that Italy is conducting. His last principle is to reduce the tax burden on employment, a point which coincided with Van Rompuy.
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