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Democracy, Jobs and Growth in Europe

Op-ed by Gerhard Schröder and Jacques Delors in the New York Times:

»There must always be a correlation between the willingness to engage in structural reforms on the one hand and the willingness to show solidarity on the other. There is no “either growth or austerity.” We are convinced that the two can be combined in a meaningful way — they must be combined. We need budgetary discipline; we need structural reforms; but we must also add growth components to the austerity program. A key area here is the fight against youth unemployment in Europe. We cannot accept that a “lost generation” is growing up in Europe because in many countries more than half of the young people are without jobs.«

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