EU sources -Austerity undermines confidence -January 21, 2014

In a briefing published by the European trade union federation EPSU the arguments of those promoting austerity are analysed and found wanting - rather than any beneficial effect on confidence, the opposite is the case: austerity makes matters worse by undermining confidence. The briefing argues that the austerity advocates totally ignore the role of the public sector and cuts in social expenditure that fundamentally increase insecurity in society, resulting in excessive precautionary savings. Secondly, these advocates tend to forget that our economies are still suffering from a deep financial crisis.  

English: http://www.epsu.org/IMG/pdf/2014_01_21_Briefing2_austerity.pdf

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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