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Some countries, notably France were worried about job losses and lower standards of regulation. The Lisbon Agenda also saw the need for a more flexible workforce. But the kind of flexibility wanted by many businesses is politically difficult for some European leaders.
Many businesses complain that health care, pensions and other costs make it too expensive to create new jobs. There have been moves to reduce these costs in some member countries. But such moves go against the grain in countries where elaborate social welfare and strong job security laws are very popular.
Vocabulary:
dynamic : fast growing
nowhere near on target: far from achieving the goal
envisaged in: proposed by
intended to: aiming at
controversial: causing argument or disagreement
watered down: made weaker, less forceful
a more flexible workforce: when employees take jobs when and where needed
moves: actions
go against the grain: are not popular
elaborate social welfare: a complex system of looking after the citizens’ well-being
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