EU Plans Fund To Soften Globalisation Blow

mkpdavies · 20-10-2005, 07:29 PM

http://www.dw-world.de/dw/article/0,...746685,00.html

Quote:

In response to the steady march of globalization, the European Commission was set Thursday to call for EU member states to approve a Globalization Adjustment Fund that would soften the phenomenon's social impact by supporting reforms that increase economic growth while maintaining the European social model.

European Commission President Jose Manuel Barroso was to present a 15-page document, replete with warnings about the challenges posed by globalisation but slight on concrete solutions, to the European Parliament.

One of its main suggestions, the creation of the new Globalisation Adjustment Fund, would complement the European Social Fund, a long-standing EU programme to invest in skills.

The new fund would be aimed at "providing a swift response, focused on people, to urgent problems which result from globalisation."

Just checked my weasle words dictionary. It comes up with the word subsidies.

Quote:

"Since 1998 the EU employment policy has created 12 million jobs," Spidla said.

"We need to make another 20 million to reach full employment."

Silly me, I thought it was businesses that created real jobs. How ever did we cope without the EU? God bless em!

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