 EUROPEAN LABOUR MARKETS CHALLENGES IN THE CONTEXT OF THE „EUROPE 2020” STRATEGYEconomics 21, 2011, issue 2, 13 Abstract: The article studies the crisis’ effects on the development of labour markets in Europe and in Bulgaria, in particular. It outlines the strong decrease in labour demand and high unemployment in a considerable part of the member-countries as well as the decrease in households’ incomes and the standard of living dynamics. The increased pressure on public finances under crisis conditions encounters their restricted opportunities, additionally limited by the strict fiscal consolidation carried out. The active labour market policies carried out manage partially and temporary to compensate for the negative effects of the crisis, and the success of macroeconomic growth policies is minimal. The desired structural reforms do not succeed in acquiring sufficient speed to provide the labour productivity dynamics and to achieve „smart, sustainable and inclusive growth”. All this gives rise to challenges facing the European Strategy 2020 goals and calls for reviewing the managerial and financial mechanisms, triggered for its achievement Keywords: „Europe 2020” strategy; European labour market; active labour market policy; labour productivity; public expenditures (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:dat:econ21:y:2011:i:2:p:13 Access Statistics for this article Economics 21 is currently edited by Ivan Varbanov More articles in Economics 21 from D. A. Tsenov Academy of Economics, Svishtov, Bulgaria Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.