Europe's young and unemployed
Europe's young and unemployedA ‘lost generation’ calls the future into question.
One out of every five European youths is looking for work. The statistics in Greece and Spain are even more grim, where youth unemployment rates hover around 50 per cent. What often results is rising crime, high occurrences of depression, decreased birth rates, and increased emigration.
To address the problem, the European Union is reallocating billions of dollars for various programmes. Italy is giving tax breaks to companies for new hires, while Spain has offered loans to youth who want to start a business. But will this be enough?
In this episode of The Stream, we speak to:
Jacob Kirkegaard @PIIE_com
Peterson Institute for International Economics
Laszlo Andor @LaszloAndorEU
European Commissioner for Employment, Social Affairs and Inclusion
Members of The Stream community also join us via Google+.
What do you think? What’s the solution to Europe’s youth unemployment problem? Send us your comments on Twitter using #AJStream.