Over 2.1 million new jobs could be generated in Europe by mid-2018 under the three-year investment plan put forward by European Commission President Jean-Claude Juncker, said the International Labour Organization (ILO).
The ILO report, entitled “An Employment-Oriented Investment Strategy for Europe”, shows that a combination of public and private sector investment worth 315 billion euros might foster Europe’s competitiveness and helps tackle the jobs crisis. Success depends, however, on how the programme is designed.
Director of the ILO Research Department, Raymond Torres, indicated that the plan “can complement the monetary measures recently announced by the European Central Bank, by encouraging enterprise investment, growth and job creation.”
Paul Arkwright
Publisher
