In the opinion of the Austrian Federal Chamber of Labour (BAK), the deepening of Economic and Monetary Union (EMU) can only be supported if it can solve Europe’s problems, in particular high unemployment, poverty and growing inequality both within and between Member States. That requires the groundwork to be laid for a better Europe from the point of view of workers (democratisation, a Social Progress Protocol, measures against wage, social and fiscal dumping, a Golden Rule for Public Investment, prosperity-oriented economic policy, wage policy coordination, symmetrical reduction of current account imbalances).
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Norbert Templ

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