Economy, Jobs and Finance: Can Europe restart? (17th Salzburg Europe Summit)

17th Salzburg Europe Summit
"Economy, Jobs and Finance: Can Europe restart?"
www.salzburg-europe-summit.eu

Livestream by ZUPmedia - www.zup-media.at

Livestream footage (English) of the panel discussion in the frame of the 17th Salzburg Europe Summit on the topic: "Economy, Jobs and Finance: Can Europe restart?"

KEYNOTE SPEECH
Martin Kocher
Federal Minister of Labour (Austria)

PODIUM
Monika Bütler
Economist, Member of various Advisory Boards, former Vice-President Science Task Force Covid-19 (Switzerland)

Willibald Cernko
Member of the Board of ERSTE Bank (Austria)

Beata Javorcik
Chief Economist EBRD - European Bank for Reconstruction and Development (Poland)

Johannes Kopf
Member of the Board AMS - Austrian Labour Market Service (Austria)

Christoph Neumayer
Secretary General Federation of Industries (Austria)

Ina Schlie
Economist, Member of various Supervisory Boards, Business Angel (Germany)

Christina Wilfinger
Managing Director SAP Austria (Austria)

MODERATION
Rainer Nowak
Editor in Chief "Die Presse" (Austria)

Content:
For Europe in particular, the corona pandemic was a heavy burden for both the economy and public finances. The EU put together a € 750 billion package, the Republic of Austria supports the labor market and domestic companies also with strong programs such as short-time work and investment bonuses.

Meanwhile the world economy is picking up again, many regions of the world, for example China, are achieving strong growth rates. Has the turnaround been successful? Unemployment is declining in Austria, too. On the other hand, it is almost impossible for many industries to find suitable personnel.

But the pandemic also revealed many weaknesses: Many companies were not prepared for digitization and new forms such as home office and remote work presented numerous companies with major challenges. Many people in Austria have not been in an office for over a year. Of course, this also changes work processes, communication and, ultimately, social behavior in society.

In addition, the measures taken against the pandemic have shown that states that have their budgets in order have greater financial leeway in coping with crises and can also show solidarity with other countries. The question that arises for all states is how to get out of debt again?

In the course of the corona crisis, the globalized society has also developed economically more strong local and regional structures. More emphasis than ever is placed on regional products. For the economic restart, the recovery of the regional and local economy, the increased investments of the municipalities and regions, which have also been hard hit by Corona, are absolutely necessary.

Top-class experts who are intensively involved with the issues and the politicians responsible will comment on this in this discussion and present their idea of ​​a "restart of the European economy".