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Wednesday, May 29, 2013

Trillion Euros Invested to combat 'failed' austerity



International Union representatives would now wish to turn the focus on job creation and do away with the failed policies of austerity.

Members of the Trade Union at the Organization for Economic Cooperation and Development (OECD) Forum believe there is a need for the world to shift its focus from harsh austerity measures since they have failed to impact nations in recession mainly those in the Euro-zone.
The main aim of the investment is to redeem economies from recession and creating jobs.
Debating against austerity measures
The austerity measures are said to have created a lost generation of youth that are hard to be accommodated by the economy.

Burrow called for a 1 trillion euro investment into infrastructure as a way to create jobs and combat the financial crisis.
Polling conducted by the unions and presented at the conference showed seven countries -- Belgium, Canada, France, Germany, Spain, UK and the U.S. -- supported, by a huge majority, investments in education, research and new technologies.
The research showed 92% of those polled supported investment in education, research and new technologies, 87% supported investment in clean energy and environmental industries and 85% supported policies to stop corporates avoiding tax. The results came from more than 13,000 online interviews over 13 countries in the second half of April 2013.


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