European Unemployment Insurance

Dirk Meyer ()

Chapter Chapter 4 in European Union and Monetary Union in Permanent Crisis II, 2022, pp 41-52 from Springer

Abstract: Abstract In 2013, the European Commission launched an initiative for a European Unemployment Insurance (EALV). The discussion paper is based on the cyclical imbalances between crisis countries and the core zone, which have become visible in the euro crisis. The proposal is heading towards a fiscal union. The EALV would ideally act as an automatic stabilizer for a cyclical equalization without systematic transfers. However, the difficulty of distinguishing between cyclical and structural factors of unemployment is likely to make it difficult to exclude permanent transfers. The introduction of an EALV requires a change to the Lisbon Treaty in any case. It could form the core of a social union that is just beginning. A—initially pandemic-related—entry offers the 2020 EU-financed SURE instrument (Support to mitigate Unemployment Risks in an Emergency) to temporarily support the reduction of unemployment risks.

Date: 2022
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DOI: 10.1007/978-3-658-38646-7_4

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