A new growth and investment strategy for decent jobs
The role of the PES is to design an alternative economic policy strategy that combats the right wing approach which caused high unemployment and marginal growth.
We, socialists, aim at providing decent jobs for all.
Europe has been experiencing difficulties in regaining growth momentum. Indeed the European Commission has recently released its economic forecasts (Spring 2005) which are slightly more pessimistic than in autumn. The euro area is likely to grow only by 1.6% in 2005. Moreover, this is not leading to a significant reduction in unemployment. Unemployment figures are likely to stay unchanged in 2005, a sign that the forecasted growth rate will not be enough to create more jobs in Europe.
This is one of our main concerns and is the reason why we, socialists, decided to define a new strategy to foster economic growth, create decent jobs while reducing the public deficit.
In order to achieve that, the demand and the supply sides of the economy must act together and in a balanced way. Structural reforms need to be combined with a proactive demand policy. They are mutually supportive.
High growth, job creation and decent jobs are at the heart of our aim for Europe.
- PES Finance Ministers Statement, 14 February 2006
- A new Growth and Investment strategy
Report adopted by the Leaders in London on 26 October 2005 - Analysis of the economic potential in the EU that can derive from cooperation and the coordination of economic policy , by the Danish Economic Council of the Labour Movement, March 2002.
