By European Parliamentary Research Service / December 10, 2013

Employment rates and EU 2020 targets (EL, ES, IE, PT)

In all four countries, employment levels have been on a downward trajectory during the crisis, and the EC acknowledges that the employment targets do not appear feasible. Some researchers forecast that continuing to focus policy on reducing public deficits will result in further severe deterioration of unemployment in EL, ES and PT (and to a lesser extent in IE) in the mid-term (up to 2017). Others estimate that austere fiscal policy increases cyclical unemployment and the effects are likely to be mostly temporary.

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Employment rates and EU 2020 targets (EL, ES, IE, PT)

European Parliamentary Research Service

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