Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
25 May 2012
   
 
 
Article by: Creamer Media Reporter
 
 
 
 
DOWNLOAD
Minimum Wages in Europe: a Strategy against Wage-Dumping Policies? - 62 KB
 

In numerous countries such as Ireland, Greece, Portugal, Hungary, and others, the European Commission (EC) - in cooperation with the International Monetary Fund (IMF) and European Central Bank (ECB) - has imposed a dramatic policy mix that consists of blind austerity, privatisation and wage cuts. Following the adoption of the notorious ‘six-pack’ in December 2011, it is clear that such policies will become a general rule all over Europe. The ‘six-pack’ sets up a structure in which the EC is granted a role as budgetary supervisor and punisher. The commission has the opportunity to almost automatically punish European Union (EU) members who do not follow recommendations to correct ‘excessive budgetary deficits’.

Download the article above

Written by Lars Vande Keybus, economic advisor at the Belgian trade union ABVV-FGTB. His specialties include macro-economic policy, European Economic Governance, Trade & Globalisation and Decent Work campaigning.

Published by Global Labour Column and edited by CSID at Wits University.

Edited by: Creamer Media Reporter
 
 
 
 
  Photos
 
 
 
 
 
 
 
  Map
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
  Related social media
 
 
 
 
 
 
  Topics on this page
 
 
 
Continent
 
Europe
Country
 
greece
hungary
ireland
portugal
Facility
 
Wits University
Person
 
lars vande keybus
 
 
 
 
 
 
Online Publishers Association