This is a MUST READ article in the Guardian which focuses on EC proposed structural reforms in labour markets. Check it out!

Europe to demand structural reform over austerity | Business | The Guardian.

This is a really important initiative to help improve EU competitiveness but it is not a short term measure to create jobs.

Short-term, jobs will only be created by Germany reflating her economy and giving the rest of Europe a chance. Because of the Euro and budgetary constraints, in order to break the impasse on job creation, German labour costs must go up because the rest of the EU’s labour costs cannot go down quickly enough; structural reform to labour markets is a medium term strategy.

Any thoughts?

English: EU members, Candidates, and other European states. (Photo credit: Wikipedia)

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