Bloomberg News

EU Aims to Create Jobs by Boosting Growth, Bild Reports

January 26, 2012

Jan. 26 (Bloomberg) -- European Union governments intend to use money from the EU’s structural funds to stimulate economic growth and create jobs for its 23 million unemployed, Bild Zeitung reported.

Citing a draft of the final communique for the EU leaders summit in Brussels on Jan. 30, the newspaper said countries hurt by the debt crisis could be helped with “green business,” tax changes and policies to address youth unemployment.

Under the proposal all member states will look into ways to reduce the tax burden on employment to cut labor costs, while small- and medium-sized businesses should be able to access structural funds more easily, Bild said.

Every school leaver would receive an offer for training within four months, the newspaper said.

To contact the reporter on this story: Jan Dahinten in Singapore at jdahinten@bloomberg.net

To contact the editor responsible for this story: Ben Livesey at blivesey@bloomberg.net


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