Austerity policy threatens eurozone future, says EC jobs chief

The EU’s austerity policy has failed, pushing the numbers of poor to record levels, and now threatens the future of the eurozone, according to outgoing Employment Commissioner László Andor.

Austerity policy threatens eurozone future, says EC jobs chief

An economist, Mr Andor is the first Commissioner to speak so clearly againstthe continuing German inspired push for austerity.

He warned that reducing poverty “must permeate the meeting rooms of EU finance ministers... to avoid the EU becoming a poverty-generating, low-skills, low productivity, and low-wage economy”.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited