Economic Policy
Staff union challenges ECB inflation and pay policy
IPSO, the main union representing staff at the European Central Bank (ECB) has published the results of a survey of employees revealing around two-thirds of workers had concerns about the ECB policy on pay, inflation and interest rates. Widely reported in the media, the union says that it was not just unhappiness about the 4% pay increase awarded to ECB employees (less than half the current inflation rate in Germany) but also the bank’s reliance on interest rises as a tool to control inflation. IPSO’s message to staff said that the ECB policy of wage moderation was in its view biased against
New Commission Communication “The power of trade partnerships: together for green and just economic growth
In June 2022 the European Commission published a Communication “The power of trade partnerships: together for green and just economic growth” that strengthens the Trade and Sustainable Development (TSD) provisions of EU trade agreements.
Confederation organises protests over pay and prices
The Cartel-Alfa trade union confederation organised a series of rallies around the country from 17 October leading up to a national demonstration in Bucharest on 20 October. The confederation is calling for action to tackle surging inflation and for increases to pay and pensions. The actions were supported by EPSU affiliate Hipocrat which organises in the health sector.
