9 out of 10 European employers are no longer investing in training. Governments need to encourage them to invest in this area before Europe faces a massive skills deficit

Throughout the Eurozone crisis, most commentators have focused on budget deficits and levels of public debt. But what about Europe’s skills deficit? Bob Hancké argues that investment in training across Europe has plummeted, and that governments must now intervene through tax breaks in order to kick start businesses’ investment in this area. He argues that a skilled workforce is often a good guard against unemployment.