Activities > WWWforEurope Activities 2014 > WWWforEurope at UNA-Austria

Thomas Novotny, President of the Austrian chapter of the Society for International Development, and Margit Schratzenstaller © AFA (afa.at)


Thomas Novotny, President of the Austrian chapter of the Society for International Development, and Margit Schratzenstaller © AFA (afa.at)


At the Foreign Policy and United Nations Association of Austria

WWWforEurope at the Foreign Policy and United Nations Association of Austria (UNA-AUSTRIA)

Vienna, Austria, 18 September, 2014

 

On invitation by the Foreign Policy and United Nations Association of Austria (UNA-AUSTRIA) and in cooperation with the Society for International Development (SID), Margit Schratzenstaller, scientific coordinator of WWWforEurope, held a lecture about the project and her perspective on the future development of Europe.

Europe’s priorities should be the fight against unemployment and rising inequality. Overall economic demand should be boosted by European monetary and, even more important, fiscal policy. These measures would have to be accompanied by structural policies, which raise Europe’s economic capacities and lead to re-industrialisation especially in Southern Europe, to have lasting positive effects. Industrial policy should be geared towards the high value added sectors. Insufficient progress has been made in the structural reform of the financial and banking sector, which remains essential.

To distribute available work more evenly and in accordance with rising life expectancy, European states should continue raising the effective age of retirement and lower the number of hours worked. Social expenditures should be re-balanced with more investments in the skills and capacities of citizens while lowering transfers. By now it has become evident that a sound and future proof welfare state is not detrimental to economic success, promoting it instead.

Finally, future progress should not be measured in terms of per capita GDP alone, but by the inclusion of such other gauges such as resource productivity or poverty risk.