European Commission’s proposal for regulation of labor mobility

Noam Stiekema

The European Commission will prepare proposals for the regulation of labor mobility in the European Union (EU) in the second half of the year. This was announced by the Commissioner for Employment and Social Affairs Marianne Thyssen. The aim is to see the movement of workers in the community as well as its impact on […]

regulation

The European Commission will prepare proposals for the regulation of labor mobility in the European Union (EU) in the second half of the year. This was announced by the Commissioner for Employment and Social Affairs Marianne Thyssen. The aim is to see the movement of workers in the community as well as its impact on social protection systems, said Commissioner Thyssen.

“What we plan for the second half of the year, is preparing a package of regulation of labor mobility. The first thing to try to get, is its picture – directions of mobility and consequences on social protection systems, and what pressures exercised mobility on other social systems. So far we know only that 3.3% of people are mobile. In USA this percentage is more than 8%”, said Marianne Thyssen.

The 43 committee involved in the renewed social dialogue at European level. According to Marianne Thyssen no financial stability without social justice and social inclusion.

“As you know, during the crisis the social dialogue not led to their full potential and this new committee we want to give him a new dynamic. We need a collective agreement that would give important common solutions for both workers and employers”, she said.

The financial crisis most easily took the EU, where social dialogue was strong, as for example give the Scandinavian countries. This dialogue was interrupted in the community since 2005, and three years later came the financial crisis that shook the strong national economies. The Vice-President of the European Commission for the euro and the social dialogue Valdis Dombrovskis said that for the first time have a commissioner who will be responsible specifically for social dialogue. He recalled that one of the promises made EU President Jean-Claude Juncker, was put on an equal footing economic and social issues and thus strengthen the role of social dialogue.

“The economic and social policy are the two pillars which support the social market economy and the EU”, said Dombrovskis. According to Commissioner Dombrovskis measures to revive the European economy must necessarily be connected with the necessary reforms that will lead to growth and create new jobs. “It is clear that Europe will not achieve higher prosperity without achieving previously high level of competitiveness. From this perspective, structural reforms are important and perhaps one of the key elements to make Europe move from very weak economic recovery now and very weak economic growth and consequently very weak opening new jobs to sustainable and rapid economic growth and respectively the creation of many sustainable jobs”, he said.

Over 3 billion EUR are social objectives set in the EU over the next three years. To have real results, however, should have access to financing, improvement of the justice system and respecting the autonomy of social partners.

Read this next

Executive Moves

Crculus taps Michael Idzkowski as head of sales

Michael Idzkowski has joined Crculus, a UK-based startup that describes itself as a multi-custody middleware infrastructure for financial institutions, in the post of its head of sales.

Retail FX

ActivTrades jumps on fractional stock trading bandwagon

CFDs and FX broker, ActivTrades has updated its trading offering to provide its clients with the opportunity to trade fractions of stocks.

Digital Assets

BitMEX to list its native token by end of 2023

BitMEX CEO Alexander Hoeptner said the crypto exchange is planning to list its native token, called BMEX, on the spot market by the end of the year.

Market News

Forex investments take over popular sentiment as a worthy global trend

Quite the confusion is afoot in the financial markets. Tighter regulation, rising inflation, energy sector disruptions, social unrest and wars have taken a toll on the world’s economies. How come Forex, as a means of investment, has come up on top as a global trend in 2022? Against the backdrop of current events, the international broker’s expert team at OctaFX has gathered some answers.

Crypto Insider, Metaverse Gaming NFT

How Hiding Crypto’s Influence Will Be Key To Unlocking Its Success

In past years, cryptocurrency has advanced well beyond the technophiles responsible for its initial success to reach widespread name recognition. Crypto has found its way into news, music, culture, and other relevant facets of daily life. 

Digital Assets

SCRYPT Digital taps Enclave Markets to mirror dark pool trading in crypto

“A service like this has been sorely lacking in the crypto space. There hasn’t been a solution that provides the security or privacy that institutions require with these kinds of trades.”

Institutional FX

FXSpotStream reports record monthly volume at $1.613 trillion

Trading volumes on institutional FX platforms surged in September after fears over the impact of recent developments around Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Industry News

OKX adds four-time Olympian snowboarder Scotty James as brand ambassador

‘What is OKX?’ is the name of the new multi-milion dollar brand campaign launched by crypto exchange OKX as part of its efforts toward world expansion.

Industry News

Circle buys Elements and announces beta version of Crypto Payments API

“Lowering barriers of entry for payments and financial services and establishing dollar payments utility are core to Circle’s mission.”

<