An unemployment reinsurance scheme benefiting countries hit by asymmetric shocks attracts what to some will be surprising support across the EU. Experts argue that European Monetary Union (EMU) has to be completed by ‘automatic fiscal stabilisers’. Welfare states have built-in stabilisers which cushion economic shocks—unemployment benefits, for instance, support the purchasing power of people who […]
From The Gothenburg Social Summit To A European Social Union
On 17 November, the European Parliament, Council and Commission proclaimed a European Pillar of Social Rights in Gothenburg. The launch of the Pillar signals a cautious but steady paradigm shift, away from austerity, at least at the level of the Commission. But will it lead to tangible results? In essence, this paradigm shift is a […]
