Job creation ambitions hit by eurozone woes
Commission to publish ideas on how to trigger 'job-rich growth' amid gloomy eurozone concerns.
Appeared in print on 11.04.2012
The European Commission will next week launch a bid to balance austerity measures and deficit-reduction with job-creation and growth, but will do so in the face of renewed disquiet on the financial markets about the eurozone’s prospects.
The Commission is on Wednesday (18 April) to publish its ideas on how to trigger a “job-rich recovery” across the European Union. But the context could hardly be gloomier, with the eurozone last week registering unemployment rates at a record high. Bond yields rose this week as the markets took fright at bad economic news, with Spain the main focus of concern.