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Economic crisis

Results 1 to 10 out of 143.

  • Opinion Item 27 May 2015
    Completing EMU: The political pillar Adopted References: ECO/376 EESC-2015-00551-00-00-AC-TRA Own-initiative Rapporteur: Carmelo CEDRONE and Joost VAN IERSEL Plenary Session: 508 - 27 May 2015 - 28 May 2015 (Summary Plenary Session) OJ C 332 of 8.10.2015 p. 8

    The EESC is of the opinion that persisting imbalances as well as the creation of trust and confidence across Europe require more effective and democratic economic governance, notably in the Eurozone. It has become clear that the current system of rules underpinning the EU, and particularly the euro area, has created confusion on the legal, institutional and democratic fronts. A new approach is therefore needed. With this in mind, the Committee presents its contribution to the new five presidents' report which will propose next steps on better economic governance to the European Council in June. The EESC contribution summarises the different stages and puts forward institutional proposals and preparatory initiatives regarding the completion of the political pillar of the Economic and Monetary Union.


  • Document Item 13 Feb 2015 La Grèce au lendemain des élections – une chance pour l’Europe, non une menace

    Declaration of the German Federation of Trade Unions (DGB) in favour of Greece

  • Newsletter Item Issue Date: February 2015
    Europe III - February 2015

    Newsletter of the Various Interests Group of the EESC



  • Publication Item
    Published In: 2014
    29 pages
    The economic and social situation in Austria

    The following study gives an overview of the current economic and social situation in Austria, with a particular focus on explaining the Austrian labour relations model and the importance of social partnership and its role in developments since the onset of the global economic crisis in 2008-2009.

    Austria is an interesting case study in the context of the continuing difficulties the EU faces and the wide disparities between Member States in terms of recent trends and current situation. The main socio-economic indicators presented show Austria's position to be broadly satisfactory, especially compared with the rest of the euro area. Some years after the peak of the financial and economic crisis, Austria's GDP per capita is very high, employment is high and unemployment relatively low. Austria's positive economic ranking is partly due to its strong situation before the crisis and partly to subsequent trends. Over the longer term, Austria has benefited from above-average growth, which can be attributed in part to its efficient institutions and ability to adapt to changing conditions and in part to the positive impact of EU eastern enlargement and the country's geographical location in a strong and dynamic economic region.

  • Publication Item
    Published In: 2014
    41 pages
    The impact of the labour legislation reform in Germany - Labour market reforms and the “jobs miracle” in Germany

    Radical labour market reforms were implemented in Germany between 2002 and 2005, reforms that overturned the received idea that Germany was suffering from "reform paralysis". However, the part of these reforms that specifically concerned labour law was very small; their main purpose was to overhaul the social security and activation system for the unemployed and others of working age who are in need of support in line with a "work first" strategy. These reforms were extremely controversial and changed the party-political landscape in Germany.

    Shortly after the reforms were introduced, a trend reversal took place on the German labour market: unemployment fell, employment with mandatory social insurance contributions picked up again, and the German labour market proved extraordinarily resilient through the 2008-2009 financial and economic crisis. Since then, the German economy has been so strong as to arouse increasing concern about economic imbalances within Europe. At the same time, however, neighbouring European countries are endeavouring to emulate Germany's supposed path to success by implementing "structural reforms" along the lines of the German model, in the hope of achieving similar results.



  • Newsletter Item Issue Date: April 2014
    Europe III - April 2014

    Newsletter of the Various Interests Group of the EESC

  • Photo Gallery Item 4 Apr 2014 View the image gallery - 4 April 2014 - European demonstration for a new path for Europe 10 photos

    4 April 2014 - European demonstration for a new path for Europe

  • Document Item 20 Mar 2014 Final Conclusions

    Main conclusions and outcome of the debates at the conference

  • Document Item 20 Mar 2014
    Inaugural speech by President Jahier

    Inaugural speech by President Jahier entitled: "From Austerity to Growth and Recovery: Overcoming the Socio-Economic Consequences of Greece's Crisis" delivered at the Group III extraordinary meeting in Athens, on Thursday 20 March 20104.

  • Document Item 20 Mar 2014 From Austerity to Growth and Recovery:

    Speech by President Luca JAHIER at the inaugural session of the conference in Athens on Thursday 20 March 2014

Results 1 to 10 out of 143.