Blog di discussione su problemi di relazioni e politica internazionale; un osservatorio per capire la direzione del mondo. Blog for discussion on problems of relations and international politics; an observatory to understand the direction of the world.
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martedì 2 aprile 2013
Unemployment is rising in Europe
The figure is impressive: well 26,338,000 people in the European Union are unemployed, 19,071,000 of these are those where the currency is the euro. These are alarming figures that reveal the inefficiency of the Community's economic policies, too based on parameters of rigor shortsighted. The social impact that promises to be tremendous, especially because the phenomenon is growing rapidly, in fact, from February 2012 to February 2013, within the euro area has increased from a figure of 10.9% to a of 12%. These numbers also represent a diversion of resources to a market already suffocating, leading to a further compression of consumption, which generates a spin for revenue both direct and indirect taxation of the individual states. Particularly serious unemployment in the southern states of Europe, which reveals a situation more bearable, even politically, as seen by the success of populist movements and regional as well as a revival of right extremist and xenophobic. The phenomenon should exercise adequate pressure to revise Brussels economic rules that are leading the continent towards stagflation. Without adequate audits of financial obligations, states are blocked and can not give an impetus to restart the economy. The historical period we are going through requires the abandonment of liberal policies to embrace the principles of Keynesian government intervention to direct infrastructure real economic driver. The drop in unemployment must be the first point of the EU economic programs, but should not be the opportunity to create employment laws restricting the rights and protections under the guise of promoting employment. The work must be raised within well-defined rules to avoid the now high social risk. However it will not be easy to reconcile the needs of the Mediterranean countries, where Greece is 26.4% and Spain 26.3%, with those countries with significantly lower percentages such as Austria, 4.8%, or Germany to 5.4%. On the other hand without any possibility of the euro in two speeds could take greater consistency, but this would lead to a devaluation in countries with higher unemployment and hence a shift to these countries productivity at the expense of their own countries with the lowest level. Such a solution would, in the short term, to maintain substantially the same as the overall figure, varied only in its geographical distribution. If it is true that in the countries of northern Europe the social system offers greater coverage, the persistence of the phenomenon could lead in turn to write-downs even in the richest countries to regain market share, returning to the starting position. Such a result, in the end it would be decisive, because even if framed in a logic more global and competitive on a global scale would certainly be a loser. We go back again, the need for long-term measures that allow a fight structural unemployment. If the need for financial discipline has been widely observed, an extension of the application of timing parameters on longer, it could be a means of departure to allow for the insertion of a small recovery measures more far-reaching. If split in two the euro zone does not solve the issue is important to go in the opposite direction by strengthening the single currency, leading to a greater distribution of wealth mainland only medicine to combat the problem of unemployment.
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