Cover -- Title Page -- Copyright page -- Foreword -- Table of Contents -- Executive summary -- 1 New clouds on the Eurozone employment horizon -- 2 The policy response so far: Rationale and impact -- 3 Way forward -- 4 Concluding remarks: no recovery possible without concerted action -- References -- List of figures -- Figure 1 Planned and actual unemployment rates in Adjustment Programme Countries -- Figure 2 Employment rates (proportion of working-age persons who have a job, percentages) -- Figure 3 Unemployment rates (percentages) -- Figure 4 Labour productivity (2005 = 100) and potential job losses in the Eurozone -- Figure 5 Eurozone SMEs reporting a deterioration in access to finance(percentages) -- Figure 6 Change in unit labour costs (cumulative change over 2000-08 and 2008-11, percentages) -- Figure 7 Spending on active labour market programmes per unemployed person in surplus countries and deficit countries (in euros) -- Figure 8 Participants in active labour market programmes in Eurozone countriesby age group, 2010 (percentages) -- List of Tables -- Table 1 Changes in employment protection regulations and collective bargaining in Eurozone countries, 2008-2012 -- Table 2 Investment as a percentage of cash holdings of small listed companies -- Table 3 Unemployment rates in 2012 and 2014: A job-centred scenario versus exacerbated financial stress -- Table 4 Cost and allocations of a youth guarantee scheme in Eurozone (million of euro) -- List of Boxes -- Box 1 Reforms in collective bargaining and employment regulations in selected Eurozone countries -- Box 2 Exacerbated financial stress in the Eurozone versus a job-centred strategy: A modelling assessment -- Box 3 Tackling the youth employment crisis: A call for action -- Box 4 Examples of youth guarantee programmes.

Box 5 Sweden's response to the financial crisis in the 1990s: Lessons from a job-centred strategy -- Box 6 T he EU Horizontal Social Clause.