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ILO's Somavia warns of "vicious downward economic spiral"

The austerity-only course to fiscal consolidation is putting Europe on a course to economic stagnation and building up a social debt that undermines the values that Europe pioneered, according to the ILO's Director General, Juan Somavia, in his opening speech to the International Labour Conference in Geneva.

Date issued: 30 May 2012
Size/duration: 00:04:27

Tags: employment, youth employment, employment creation, ILO Director General, International Labour Conference

Regions and countries covered: Global

Unit responsible: Department of Communication (DCOMM)

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