Unemployment insurance would have helped EU during crisis - study

The existence of a European unemployment insurance scheme would have helped protect the member states hit hardest by the crisis, according to a study presented on 13 February to the European Parliament's Committee on Employment and Social Affairs (EMPL). For the years 2008-2013, Spain, France, Greece and Portugal would have been the main beneficiaries of a European scheme with an estimated yearly cost of €61 billion. There also would have been an uninterrupted stabilisation effect in Greece and Spain.

With…