Wednesday, February 29, 2012

EU leaders call for more immigration and open markets to increase economic growth

A dozen European Union leaders, including UK Prime Minister David Cameron, are pushing for greater "labour mobility" within the EU to stimulate job growth and help the economy.

The letter detailing their requests was sent to EU leaders Herman Van Rompuy and Jose Manuel Barroso this week, as Eurozone finance ministers met to approve the £110 bailout package for Greece.

The letter is signed by the leaders of the UK, Ireland, the Netherlands, Italy, Spain, Estonia, Latvia, Finland, Sweden, Poland, the Czech Republic and Slovakia. The leaders want immigrants to settle where there are jobs amid high unemployment rates across the continent.

The leaders claim that pension law is making it difficult for individuals to immigrate and accept jobs in another EU country, because, currently, employees often lose their pension rights when they try to switch companies and move abroad.

"We need decisive action to deliver open global markets," the letter said, urging the EU, which negotiates trade deals on behalf of all 27 countries, to launch trade talks with Japan and China. It also added that free-trade deals that the EU is negotiating with India, Canada and Asian economies could add 90 billion euros to the EU's gross domestic product.

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