AGL 40.13 Increased By ▲ 0.12 (0.3%)
AIRLINK 189.43 Increased By ▲ 1.45 (0.77%)
BOP 10.34 Increased By ▲ 0.22 (2.17%)
CNERGY 7.21 Increased By ▲ 0.10 (1.41%)
DCL 10.21 Increased By ▲ 0.06 (0.59%)
DFML 41.80 Increased By ▲ 0.23 (0.55%)
DGKC 108.63 Increased By ▲ 0.72 (0.67%)
FCCL 38.59 Decreased By ▼ -0.41 (-1.05%)
FFBL 89.91 Increased By ▲ 7.89 (9.62%)
FFL 15.02 Increased By ▲ 0.12 (0.81%)
HUBC 123.23 Increased By ▲ 3.77 (3.16%)
HUMNL 14.45 Increased By ▲ 0.40 (2.85%)
KEL 6.34 Decreased By ▼ -0.06 (-0.94%)
KOSM 8.40 Increased By ▲ 0.33 (4.09%)
MLCF 49.47 No Change ▼ 0.00 (0%)
NBP 74.82 Increased By ▲ 1.16 (1.57%)
OGDC 213.41 Increased By ▲ 8.56 (4.18%)
PAEL 32.99 Decreased By ▼ -0.57 (-1.7%)
PIBTL 9.07 Increased By ▲ 1.00 (12.39%)
PPL 199.93 Increased By ▲ 14.52 (7.83%)
PRL 34.55 Increased By ▲ 0.94 (2.8%)
PTC 27.21 Decreased By ▼ -0.18 (-0.66%)
SEARL 118.19 Decreased By ▼ -1.63 (-1.36%)
TELE 9.88 Increased By ▲ 0.19 (1.96%)
TOMCL 35.42 Increased By ▲ 0.12 (0.34%)
TPLP 12.57 Increased By ▲ 0.32 (2.61%)
TREET 22.29 Increased By ▲ 2.03 (10.02%)
TRG 60.90 Increased By ▲ 0.12 (0.2%)
UNITY 36.69 Decreased By ▼ -1.30 (-3.42%)
WTL 1.79 Increased By ▲ 0.14 (8.48%)
BR100 12,159 Increased By 386.9 (3.29%)
BR30 37,770 Increased By 1185.5 (3.24%)
KSE100 114,181 Increased By 3370.3 (3.04%)
KSE30 35,701 Increased By 1272.1 (3.69%)

The chairman of the Eurogroup of euro zone finance ministers Jeroen Dijsselbloem said on Tuesday the euro zone must "jointly reform" and added that high taxes on labour are an obstacle to growth. Speaking in Berlin, Dijsselbloem said that national tax cuts should be co-ordinated across Europe. "The tax wedge on labour in the euro zone is high, probably too high," he said. "In almost all euro zone countries we have a tax wedge that is higher than the OECD average."
Dijsselbloem said that following the European Parliamentary elections he is more convinced that the European Union must focus on job creation. "Europe is no longer taken for granted," he said. "It is no longer undisputed q the elections have only strengthened my belief that we have to focus on creating jobs." He also said the EU's efforts must be aimed at creating the right conditions for sustainable growth.
"The key issue at the moment is simply the return of jobs. The real thing in life that people still feel, such as in Portugal, is massive unemployment. So people ask, will this be jobless growth?" Dijsselbloem said he was concerned about a lack of movement for reforms after the parliamentary elections.

Copyright Reuters, 2014

Comments

Comments are closed.