Comment: Generating Growth and Jobs
Although Wednesday's informal EU Summit did not make any major headway in providing Europe with a way out of the crisis, it represents a turning point after the two-year German-led one-sided austerity policy. France's new Socialist President, François Hollande, brought to the table a refreshing call for growth policies at a time of record eurozone unemployment.
Measures that he was calling for, such as using EU budget funds and increased capital for the European Investment Bank to finance growth projects, together with the use of Eurobonds and a solid European financial transaction tax, could really help stabilize the EU and generate growth and new jobs. Exactly what is needed now as a response to the crisis!
The European project is built on solidarity, and we are glad to finally hear the increasing voices calling for an alternative way out of the crisis. And this solidarity was shown not least by Martin Schulz, President of European Parliament, when he returned to Greece last week, stressing that European solidarity demands that we stand by each other. We witness that Progressives make the difference and now there is a chance for a change which can reestablish trust and confidence to citizens!
Conny Reuter, Secretary General