EUROPEAN leaders must work fast to overcome the current crisis or else new models of capitalism — such as that of China — may win the day, warns one leading American financial services figure.

Taoiseach Enda Kenny has opened the door for Government and unions to create a new form of social partnership on workers’ rights.

Pay agreements for low earners, the banking crisis and job creation will be top of the agenda for trade unionists this week.

ABOUT 100,000 workers jammed the streets of three Australian cities yesterday to protest against the government’s planned labour law reforms, which they say will reduce job security and worsen working conditions.