Europe is changing its emphasis on economic growth. The European Commission is for the first time moving to slow the pace of austerity in the eurozone due to worries that it is making things worse. In exchange it has urged the region’s governments to focus on reforms – particularly of the jobs market.
One of the most dramatic collateral effects is sky-high unemployment, especially among young Europeans. Almost a quarter of under 25-year-olds are out of work.
We will discuss the new European policies with Nejra Cehic from Bloomberg in this edition of Business Weekly.