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EC aims to boost employment Europe wide and sets out specific steps for Greece
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The European Commission has come forward today with a set of measures to boost jobs across the EU, as well as a specific set of measures for Greece.

The EU-wide proposal focuses on the demand-side of job creation, setting out ways for Member States to encourage hiring by reducing taxes on labour or supporting business start-ups more. It also identifies the areas with the biggest job potential for the future: the green economy, health services and ICT. The policy communication underlines the need for a stronger employment and social dimension to EU governance and lays down ways to involve employers' and workers' representatives more in setting EU priorities.

EC President José Manuel Barroso said: "Europe needs a job-creation strategy to tackle its unacceptable level of unemployment. The EU has a large untapped potential to boost job creation. Taken together, the green economy, the health and new technology sectors will create more than 20 million jobs in the years to come. Member States need to seize these opportunities, mobilise existing resources and stimulate their labour market in close cooperation with the social partners. Together we can make it happen."

In Greece, after many months of crisis, the conditions now exist to start moving to growth. Today the Commission has set out the reasons why it believes Greece can transform itself – through the implementation of the agreed adjustment programme and with the ongoing support and solidarity of the EU, channelled by the Commission. The Commission highlights the steps that need to be taken during 2012, as part of the programme and explains the huge range of support measures that it can mobilise to help Greece begin to generate new economic dynamism, job creation and social cohesion.

    EC aims to boost employment Europe wide and sets out specific steps for Greece

    The Commission highlights three broad areas where action taken by the Greek authorities during 2012, as part of the programme, can be expected to show promising results by the end of 2012. These are:

    - Getting control over public finances and revenues so that public finances become sustainable over time;

    - Getting lending flowing to the real economy by recapitalising the banks and helping SMEs to get affordable loans;

    - Freeing business to drive growth- a major overhaul of the business environment is urgently needed so that Greece becomes once again a place where domestic and foreign investors have confidence to invest and create jobs.

    The Communication provides detail on how EU funds will be used to provide loans and guarantees for SMEs in Greece (€ 4 billion is available) and the EU has changed its own rules to make them more flexible and easier to apply in the current conditions in Greece.

    It describes measures need to free Greek business to drive growth, for example by facilitating and promoting exports, modernising and simplifying the regulatory environment, preparing state owned companies for privatisation and modernising sectors like energy and transport.

    The Communication also explains how the Commission will work with the Greek authorities to tackle the social impact of the crisis and to modernise and reform public administration.

    President Barroso said: "The people of Greece do not stand alone in their efforts to return the country to growth and jobs. The EU and the wider international community have shown solidarity with the people of Greece on an unprecedented scale. A package of grants, loans and debt forgiveness amounting to € 380 billion has been mobilised to help Greece. The sacrifices being made by the Greek people will bring rewards in the near future as Greece embraces the priority actions for 2012 identified by the Commission today."

     

    For more information, please contact the London press office on 020 7973 1971.
    All amounts expressed in sterling are approximate and will change with exchange rate fluctuations.

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    Last update: 20/04/2012  |Top