Employment Report: Euro Area

employment report: The package the EU executive arm presented includes the 2017 annual growth survey, a communication Towards a positive fiscal stance for the euro area the 2017 alert mechanism report, the 2017 draft joint employment report, the assessment of euro area member states draft budgetary plans for 2017, and a recommendation on the economic policy of the euro area, according to Global Times China. The European Commission called on EU member states to redouble their efforts to boost investment, pursue structural reforms and ensure responsible fiscal policies, and in doing so, put the focus on social fairness and delivering more inclusive growth. The package, which starts the 2017 cycle of economic governance, was designed for a stronger and more inclusive economic recovery, the European Commission said in a statement. At the 28-nation EU level, the package provided guidance for the EU outlined in its work program for 2017, including the strengthening of the investment plan for Europe. The European Commission argued that a moderately restrictive fiscal stance for the euro area would not seem appropriate given the need to sustain the recovery and in view of the current broader uncertainty. Looking at the euro area in particular, the European Commission called for a significantly more positive fiscal stance for the currency area as a whole to overcome the risk of low growth, low inflation, and to support the monetary policy of the European Central Bank. (news.financializer.com). As reported in the news.