EUROPEAN UNEMPLOYMENT TRENDS AND SOCIAL DUMPING - FINANCIAL CRISIS AFTERMATHS
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Authors:
• Simona MIHAI YIANNAKI, email: S.Mihai@euc.ac.cy, Afiliation: Ph.D. MBA, Lecturer in Banking and Finance at European University Cyprus -
Keywords: unemployment, social dumping, migration, EU labour market, market rigidities
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Abstract:
High unemployment is widely regarded as the most important challenge facing European policy-makers today. At unemployment rates of between 6.5% and 25% across the countries of the Union, Europe\'s performance compares particularly unfavourably with that of the United States. But does this answer for an inability to understand the fundamental causes of the problem, being them economic, social or political or a failure to find the economic policies that will solve it? Or is there merely a lack of political will in the social system application? Is ‘social dumping’ still present under a common EU social policy of the Lisbon Treaty and if so, which is its ‘face ’now? Is social dumping to be welcomed, as a healthy energy which will oblige countries to lighten the excessive and harmful regulations imposed on EU labour markets? How should the circumstances of the new EU member states be taken into account when applying labour legislation concerning social policy and when tackling unemployment?