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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

Unit responsible: Communication and Public Information
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