The president of the Fiscal Council - an independent state body reporting to the National Assembly – stated that fiscal consolidation and reforms are being halted without first achieving the objectives for the recovery of the economy. He pointed out that the three-year government’s plan contains no credible measures that would reduce the current 3.7 percent deficit in order to reduce the public debt. According to him, the lay-off of more employees is not a measure that will bring success. On the contrary, it is necessary to keep salaries and pensions under control, that is: ‘frozen them’ in order to move toward the recovery of the economy in the next three years. He added that reforms of public enterprises had barely begun in 2015.
English: http://www.b92.net/eng/news/business …
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, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. 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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