On October 2, the European Commission adopted a communication entitled, “strengthening the social dimension of the economic and monetary union (EMU). This highly anticipated document follow the call made by the European Council in June for the social dimension to be taken into consideration in the EU’s annual economic decision political cycle. To meet this requirement, the European Commissioner for Employment and Social Affairs, László Andor, proposes adding indicators to monitor differences in terms of social matters and employment. What should have been the star measure, namely the introduction of a European unemployment insurance scheme as a supplement in countries most badly hit by the crisis, was not included in the communication in the end. (Ref. 130583)
Should a social chapter be added to the improvement of budget and economic discipline rules in the euro area? European Commissioner for Employment and Social Affairs, László Andor, answers yes. He believes that this social dimension cannot be achieved without a collective surveillance mechanism to prevent social unbalance and unemployment.
Surveillance and prevention. Therefore, within the framework of the “European Semester,” which already aims to monitor and rectify macro-economic...
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