A summer marked by volatility and economic fragility
Europe is emerging from a summer of tension: after a slight recovery in GDP in France (+0.4% in the last quarter), stagnation continues in the eurozone, marked by successive recessions in Germany, where GDP fell by a further 0.2% against a backdrop of falling industrial production. The forthcoming European budget debates will focus on the mobilisation of funds for areas hit by unemployment, the adjustment of stimulus packages and the updating of own resources. Progressive voices are denouncing the inadequacy of adjustment measures in favour of sustainable employment and social protection.
A boost for transition and the climate
The European Left is calling for the mobilisation of funds to be conditional on job creation and social justice, rather than on the logic of raw competitiveness. Both the Schuman report and the latest economic analyses stress the central role of ecological investment and energy independence, at a time when inflation and the cost of living are weighing heavily on precarious households. Social movements are calling for an inclusive recovery strategy, based on the general interest and the dignity of work. In this area, the Left is proposing greater democratic control of economic choices, to prevent a fragile recovery from benefiting only the big groups and exacerbating inequalities.
%C3%A9conomie%20europ%C3%A9enne”>https://www.la-croix.com/Economie/zone-euro’>European economy
