Slowly but surely, Europe is dragging itself out of its economic crisis. According to latest forecasts, the overall eurozone economy will grow by around 1 percent in the coming year. Even in the states that have been plagued by crisis, economic growth has returned, albeit far too weak to make any real improvements to the labor market.
Unemployment, in particular among young people, will continue to be a very serious problem in this sixth year of economic crisis. In October 2013, there were more than 3.5 million unemployed Europeans under the age of 25; in Greece and Spain, youth unemployment is well over 50 percent.
But when it comes to job perspectives, the odds have been stacked against younger generations in southern Europe since before the current crisis began. Karl Brenke of the German Institute for Economic Research said there are structural reasons behind the unemployment crisis: the majority of young people in southern and eastern Europe simply don't have proper qualifications.
Read nmore: Frustration, anger and populism in Europe | Europe | DW.DE | 27.12.2013
Unemployment, in particular among young people, will continue to be a very serious problem in this sixth year of economic crisis. In October 2013, there were more than 3.5 million unemployed Europeans under the age of 25; in Greece and Spain, youth unemployment is well over 50 percent.
But when it comes to job perspectives, the odds have been stacked against younger generations in southern Europe since before the current crisis began. Karl Brenke of the German Institute for Economic Research said there are structural reasons behind the unemployment crisis: the majority of young people in southern and eastern Europe simply don't have proper qualifications.
Read nmore: Frustration, anger and populism in Europe | Europe | DW.DE | 27.12.2013
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