Trade unions and employers satisfied with summit results
By Sophie Petitjean | Monday 02 July 2012
The main European social partners are pleased with the outcome of the European Council, which was held in Brussels on 28-29 June. Nonetheless, the European Trade Union Confederation (ETUC) notes that while the measures taken are “positive,” they “are insufficient to stabilise the currency, relaunch the economy and reduce unemployment”.
In a statement, the ETUC concedes that “admittedly, urgent measures have been taken to relieve the pressure on Spanish and Italian debt – the European Stability Mechanism (ESM) will support the banks to ease the pressure on sovereign debt. However, the ETUC is not convinced that these measures are adequate to meet the challenges to which the EU must respond in order to regain the confidence of citizens and workers”.
The ETUC is particularly concerned about austerity policies being pursued in Europe, as it considers that they have had “disastrous social consequences and been economically inefficient”.
The representatives of private employers welcome the decisions made by the heads of state and government, including the ‘pact for growth and employment’, the adoption of country-specific recommendations and the agreement over the headquarters of the central division of the future EU patent court.
Philippe de Buck, director-general of BusinessEurope, said: “The European Council urgently needs to put into practice the key principles they have agreed, particularly around greater euro area financial integration, which can play an important role in boosting business confidence and growth”.