IMF CRITIQUE – EU
April 1st, 2005
BY KEITH NUTHALLTHE BIGGEST obstacle faced by Europe promoting its economic growth is its failure to draw more women, young people and workers aged above 50 into its workforce, an official at the International Monetary Fund (IMF) has said. Its deputy research director David Robinson, speaking at the Brussels Economic Forum, said national governments rather than EU institutions should encourage the employment of these groups. Speaking generally, he said it was simple why Europeans have 30% less GDP per capita than the US: fewer working hours, shorter working weeks ...
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