Is ’Flexicurity’ Post-Crisis Europe’s New Social Model?
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April 16 (Bloomberg) -- Europe’s sovereign-debt crisishas forced some countries to pare back welfare programsharshly to meet austerity targets, raising a provocativequestion: Is the Continent’s famed social model doomed?
That’s what European Central Bank President Mario Draghiseemed to imply during a Wall Street Journal interview earlierthis year, when he said that ”the European social model hasalready gone,” because it could no longer assure jobs foryouths.