According to this publication from the European Commission, it has proposed guidance today to Member States to better help long-term unemployed return to work.
I am amazed at this simplistic initiative from the European Commission.
Most economists will argue that the European Commission’s economic policies have precipitated the massive rise in unemployment in Europe, especially Southern Europe. Economic demand has been constrained because of fiscal policies and the absence of investment.
The current proposals from the European Commission seem to have been dreamt up in a fish-bowl detached from reality.
A strategic approach is required, looking at industries, technology, global competion, education, skills, the public sector and social policies. It’s not a supply challenge, it’s demand related. Also increasing immigration flood gates will not help the long-term unemployed in Europe.