Europe’s youth generation – crushed by the euro austerity folly

10 Nov, 2012 at 13:32 | Posted in Economics, Politics & Society | 4 Comments

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4 Comments

  1. “No future, no future, no future for youuuuuu” (according to Sex Pistols a very long time ago!)

  2. over 50% in Spain and Greece, that’s just unforgivable. the governments are very guilty in letting this happen; the incompetence of these gov’ts knows no bounds.

  3. And as this goes on, older people extend their working life longer than they were planning to, ensuring that there are no open positions for young people to fill! In countries that have their own currency, it would be expedient to lower the age for receiving Social Security or the equivalent, at least until this crisis ends, as an inducement to earlier retirement…

  4. “Social European Journal:I haven’t always been complimentary about the European Commission – either its economic analysis or its policy advice. So it’s nice to be able to be wholeheartedly positive about…
    European Labour Markets: Six Key Lessons From The Commission Report
    18/01/2013 BY JONATHAN PORTES
    I haven’t always been complimentary about the European Commission – either its economic analysis or its policy advice. So it’s nice to be able to be wholeheartedly positive about the excellent report “Employment and Social Developments in Europe 2012” (brought to my attention by this article by Ambrose Evans-Pritchard in the Telegraph, also excellent) produced by the Commission’s Directorate-General for Employment, Social Affairs and Inclusion.
    The report is really worth reading. But it’s close to 500 pages, and the main messages deserve as wide an audience as possible, so I thought I’d try to highlight them with some commentary. To my mind, the key ones are the following:
    1. Economic weakness in Europe, and the consequent rise in unemployment, are mostly to do with a lack of aggregate demand, which in turn is the result of mistaken macroeconomic policies – especially aggressive fiscal consolidation:
    http://www.social-europe.eu/2013/01/european-labour-markets-six-key-lessons-from-the-commission-report/


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