Article Abstract:
The falling level of unemployment in the UK is tending to bring increased job insecurity. This could be addressed in a number of different ways, including training. It is vital that people are trained to fill the new jobs which are being created, but this poses a problem in that it is not possible to know in advance what sort of jobs will be created. It is also important to encourage people to save as much money as they can while they are working, thus providing protection in times of unemployment. Efforts should also be made to reverse the trend for it to be seen as normal for young people not to work.
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Article Abstract:
A number of European countries face serious economic problems, and 1995 may see some of them suffer a debt crisis similar to those seen in Latin America in the early 1980s. Problems are particularly being caused by the ageing of the population, with elderly people being expensive to look after, and by the growing mobility of goods, companies and labour, which is eroding the revenue base. It is likely that the high-spending economic model which has developed in Europe will start to look increasingly strange by international standards and will become very difficult to sustain.
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Article Abstract:
Financial markets initially reacted calmly to the wave of strikes and protests in France, but have now severely downgraded the French franc and franc-denominated securities. They seem to be mainly concerned about the political impact of the strikes, indicating by their actions that they expect the French government to have to relax fiscal policy in order to meet the strikers' demands. It is also important to realise that the problems in France also have pan-European implications.
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