Clarification regarding press reports on President Juncker comments on a European unemployment insurance
The European Commission would like to respond to various media reports claiming that President Juncker is “asking for” a European unemployment insurance. This is a distortion of the message conveyed by President Juncker and based on cutting short the full answer he gave to this question in an interview with “Welt am Sonntag” – which is available in full length in English. President Juncker is not asking for a new financial instrument. In fact, the European Commission in its proposal for the multiannual financial framework has already proposed a shock-absorption mechanism to cope with asymmetrical, external shocks – this can also include a re-insurance for national unemployment insurance schemes.
