Wednesday, February 01, 2012
European Youth Reeling
We're flooded with stories about Greece and the Euro and the European Union leaders and their deals. Blah, blah, blah. What these stories almost always overlook are the real victims, Europe's young people. They are on the verge of truly becoming a "lost generation."
A report in The Guardian reveals staggering levels of youth unemployment - 28% among Italians 16-24; Spain 51%, Greece 43%. In the Great Depression, America's unemployment rate briefly spiked at 25%. Worse yet, some sectors of the European economy aren't expected to recover for at least a decade.
The article reports an exodus of Europe's "best and brightest" young people similar to what befell Ireland after its collapse.
As subpar Euro leaders like Britain's Cameron remain fixated on austerity campaigns that can only worsen conditions for their youth the question becomes for how long they can possibly suppress widespread unrest and what awaits their countries when that dam breaks.