Record unemployment has led to a rise in the number of young entrepreneurs leaving southern Europe and heading north to seek their fortunes.
Across the EU, nearly a quarter of people aged 18 to 25 have no job. In Greece and Spain more than half the people in that age group are jobless.
Youth unemployment will be the focus of attention at a two-day EU summit in Brussels.
Note EU-Digest: EU leaders gathering in Brussels today Thursday (27 June) for a two-day summit will again turn to measures aimed at helping young people to get jobs, as unemployment figures soar in southern countries.
The summit which kicked off at 4.30pm local time this afternoon with a meeting between leaders, trade unions and employers' associations, to hear what actions they are taking to boost youth employment.
EU leaders will also meet with the head of the European Investment Bank (EIB), Werner Hoyer, and look at ways to increase the bank's lending capacity after it received a €10 billion capital increase earlier this year.
Read more: BBC News - Unemployment means young entrepreneurs leaving southern Europe
Showing posts with label Youth unemployment. Show all posts
Showing posts with label Youth unemployment. Show all posts
6/27/13
6/9/13
Europe’s Youth Unemployment Non-Problem - by Daniel Gros
European policymakers have decided that they must be seen to be “doing something” about youth unemployment. A special summit of Europe’s heads of state has been called, and a “Youth Employment Initiative,” proposed at the EU Council of Ministers’ meeting in February, aims to “reinforce and accelerate” measures that were recommended in a “Youth Employment Package” in December 2012.
his activism comes mainly in response to the latest alarming figures on youth unemployment in southern Europe, with sky-high rates of joblessness widely regarded as politically unacceptable. But there are several reasons to doubt that youth unemployment is a discrete problem meriting special treatment. Indeed, official youth unemployment statistics are misleading on two counts.
Read more: Europe’s Youth Unemployment Non-Problem by Daniel Gros - Project Syndicate
his activism comes mainly in response to the latest alarming figures on youth unemployment in southern Europe, with sky-high rates of joblessness widely regarded as politically unacceptable. But there are several reasons to doubt that youth unemployment is a discrete problem meriting special treatment. Indeed, official youth unemployment statistics are misleading on two counts.
Read more: Europe’s Youth Unemployment Non-Problem by Daniel Gros - Project Syndicate
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