Greek Youth Unemployment Tops 60%

Tyler Durden's picture




 

Optimism it seems is all that matters (or is all that is allowed) as we are battered by dismal data left, right, and center. Of course, a reflection on the markets tells any 'smart' person that it all must get better - or why would stocks or sovereigns, or EURUSD be where it is? However, the 6 out of 10 15-24 year olds in Greece (61.7% to be exact) would beg to differ with that view of the world (as their economy grinds to a halt) - and with Spain reaching new highs at 55.6% (as well as the Euro-zone over 24%), all the bureaucratic lip-service in the world won't stop the revolt that is coming we fear.

 

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Thu, 02/14/2013 - 12:58 | 3243382 catacl1sm
catacl1sm's picture

Why aren't they fighting back yet? Iceland FTW!

Thu, 02/14/2013 - 13:01 | 3243388 notbot
notbot's picture

Idiots.  The solution is so simple.  Just raise the minimum wage by 50%.

Thu, 02/14/2013 - 13:01 | 3243394 ZippyBananaPants
ZippyBananaPants's picture

Opa!

Thu, 02/14/2013 - 13:05 | 3243404 The Juggernaut
The Juggernaut's picture

I thought it said Youth Unemployment Riots.  Ha... silly me.  I'll just have to wait then.  Some one send them Ron Paul/Judge Napolitano YouTube clips... speed this process up.

Thu, 02/14/2013 - 13:14 | 3243444 SafelyGraze
SafelyGraze's picture

if they would just take out some loans and go to college, the problem would be solved.

no longer unemployed.

building marketable skills for the New Century.

maintaining a strong infrastructure for educators and administrators.

the solution is, therefore, as simple as it is obvious

Thu, 02/14/2013 - 13:05 | 3243412 francis_sawyer
francis_sawyer's picture

 "Utes"... itz alwaze da "utes"

~~~

ht/Slewie

Thu, 02/14/2013 - 13:12 | 3243435 CheapBastard
Thu, 02/14/2013 - 14:04 | 3243619 Lohn Jocke
Lohn Jocke's picture

Council, what is a yout?

Thu, 02/14/2013 - 13:08 | 3243416 Skateboarder
Skateboarder's picture

Youth? They were doomed the second their parents (and theirs) agreed that debt = money = wealth. What you see are side effects and consequences of a series of generational failures in properly assessing and acting upon their environment.

^ @francis - all hail the slew. I miss the name, though I know he is here somewhere.

Thu, 02/14/2013 - 13:13 | 3243437 fourchan
fourchan's picture

greece is the new detroit, its only 50% here.

Thu, 02/14/2013 - 14:01 | 3243610 LawsofPhysics
LawsofPhysics's picture

I'd argue that it has been generational programing to believe propaganda in order to provide cover for generational theft by certain familes and their offspring. Roll guillotines already!

Thu, 02/14/2013 - 17:58 | 3244480 Totentänzerlied
Totentänzerlied's picture

Then you admit their voting is a fucking exercise in circle-jerk stupidity.

Thu, 02/14/2013 - 13:22 | 3243475 Wile-E-Coyote
Wile-E-Coyote's picture

So who is feeding the Greeks, I thought empty stomachs result in revolution.

Oh dear I said revolution, is that a drone over my house, what's that vapour ......................oh shit.

Thu, 02/14/2013 - 17:40 | 3244431 Groundhog Day
Groundhog Day's picture

What the yutes in greece need are more starbucks and some iphones to keep them wired and distracted.  Problem solved

Thu, 02/14/2013 - 15:18 | 3243842 Agent P
Agent P's picture

"Idiots. The solution is so simple. Just raise the minimum wage by 50%."

Forget the minimum wage...raise the minimum age to 25 and the problem is instantly solved.

Thu, 02/14/2013 - 15:44 | 3243924 Cupid Stunt
Cupid Stunt's picture

Or raise the school leaving age to 40.

Thu, 02/14/2013 - 13:30 | 3243506 kliguy38
kliguy38's picture

Too easy to enjoy the climate and the remaining handouts......if the handouts disappear then the SHTF....

Thu, 02/14/2013 - 13:35 | 3243530 LongSoupLine
LongSoupLine's picture

This will end real fucking badly, and I fucking hope the bank dick eating EU parliment is fucking directly on the enraged hate receiving end of the youthful fucking anger.  Burn those pricks straight to fucking hell.

Thu, 02/14/2013 - 19:47 | 3244867 phoolish
phoolish's picture

You can't drive tanks and march infantry to Iceland.

 

 

Thu, 02/14/2013 - 12:59 | 3243383 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Nothing to see. All is well.

Thu, 02/14/2013 - 13:24 | 3243478 Freddie
Freddie's picture

As horrible as things are in Spain and Greece - they can be grateful they do not have Obama as their leader.

Thu, 02/14/2013 - 14:18 | 3243655 Uber Vandal
Uber Vandal's picture

Leader would, however, imply the quality of leading.

Then again, most people are sheep, and therefore, easily led.

Thu, 02/14/2013 - 13:00 | 3243385 q99x2
q99x2's picture

Looks like the FEDs balance sheet. Obvious the Central Banksters are killing the young people of the Western world.

Thu, 02/14/2013 - 13:03 | 3243405 youngman
youngman's picture

also the old people...savings is a bad word now...they pay you nothing to save

Thu, 02/14/2013 - 13:01 | 3243389 Desert Irish
Desert Irish's picture

Give them all uniforms and be done with it......

Thu, 02/14/2013 - 13:14 | 3243442 Skateboarder
Skateboarder's picture

And clip pads! Without the pad, the authority is half diminished.

Thu, 02/14/2013 - 13:52 | 3243586 Tango in the Blight
Tango in the Blight's picture

Give 'em all iPhones and iPads with Facebook apps on them. That will keep them quiet!

Thu, 02/14/2013 - 15:28 | 3243875 Bunga Bunga
Bunga Bunga's picture

Camp uniforms please, a place in a bunk bed and a plastic spoon.

Thu, 02/14/2013 - 13:01 | 3243392 Haus-Targaryen
Haus-Targaryen's picture

So this is what Draghi meant by positive contagion. 

Thu, 02/14/2013 - 13:14 | 3243445 Banksters
Banksters's picture

The US has decoupled from Europe and China.    Get your hopium in injectable form.   

 

 

Thu, 02/14/2013 - 13:02 | 3243393 The PolyCapitalist
The PolyCapitalist's picture

As has been well documented European youth unemployment figures are wildly overstated:

http://www.polycapitalist.com/2012/09/lies-damned-lies-and-statistics-sp...

And people who aren't familiar with the methodologocial problems should still ask themselves why there hasn't been a full revolution given the supposed 60% youth unemployment?

The answer of course is that far less than 60% of young people are unemployed.

Thu, 02/14/2013 - 13:05 | 3243413 nobusiness
nobusiness's picture

People who dont have a job but want one divided by people available for jobs (currently employe and unemployed) sounds like proper calculation to me

Thu, 02/14/2013 - 13:09 | 3243426 Tsar Pointless
Tsar Pointless's picture

Okay, fine.

But if a college-age person also was employed at the same time, then should they be counted as "employed", seeing as they are in college and technically not part of the work force?

You can't have it both ways.

Thu, 02/14/2013 - 13:36 | 3243536 slightlyskeptical
slightlyskeptical's picture

I don't get the correlation. Just because you are in college doesn't mean you aren't part of the workforce. For many, like me, if I didn't work, college wouldn't have happened.

 

Thu, 02/14/2013 - 13:17 | 3243455 Haus-Targaryen
Haus-Targaryen's picture

While you might be correct, my issue with what you say makes German Youth Unemployment zero.  I don't buy that either.  So what gives?

Thu, 02/14/2013 - 13:17 | 3243456 Banksters
Banksters's picture

I guess you've missed the week on week off protests.   Bottom line, GREECE, PORTUGAL, SPAIN and ITALY are either in a full blown depression or on the cusp of one.

Thu, 02/14/2013 - 13:27 | 3243483 Freddie
Freddie's picture

These people a brainwashed by the media and the elites in staying in the EUSSR and the euro.  This glorious "european project" is the biggest disaster since Hope & Change.  They think free euro money is their savior.

Thu, 02/14/2013 - 13:58 | 3243600 walküre
walküre's picture

Sure. 60% is exaggerated. It's only 59%

Stupid dumb fuck.

Thu, 02/14/2013 - 15:30 | 3243880 Bunga Bunga
Bunga Bunga's picture

I am sure the statistics is skewed. If they admit 60% it's more like 80% in reality.

Thu, 02/14/2013 - 19:37 | 3244364 are we there yet
are we there yet's picture

The criminal, Eurocratic, and political class is still employed. What percentage are they?

Fri, 02/15/2013 - 00:59 | 3245504 Notarocketscientist
Notarocketscientist's picture

I was in Greece last May.   In Athens most fo the shops are shut.  I was walking in the city centre and asked someone for directions - she was a uni student - had a chat as we walked along and she said THERE ARE NO JOBS - MOST GRADS SHE KNOWS ARE LEAVING THE COUNTRY

I went to Crete - my cab driver was telling me that droves of city people have returned to their families in the provinces to live becaure there are NO JOBS in the cities.  They are working on their small farms now

And since then what has happend?  Right - the economy has crashed with GDP down double digits.   

THERE ARE NO JOBS and it is getting WORSE BY THE DAY

 

Thu, 02/14/2013 - 13:01 | 3243395 nobusiness
nobusiness's picture

They are all in college on goverment loans and collecting unemployment while eating with food stamps and talking on government provided phones.  Oh wait that is the US!

Thu, 02/14/2013 - 13:02 | 3243396 _ConanTheLibert...
_ConanTheLibertarian_'s picture

In 2 years it's 120%.

Thu, 02/14/2013 - 13:02 | 3243397 youngman
youngman's picture

What are the 40 % thinking???

The 60% must be filling out Obamas school loan forms

Thu, 02/14/2013 - 13:33 | 3243516 Non Passaran
Non Passaran's picture

The 40% are working for the government, *helping* the 60% to create jobs!

Thu, 02/14/2013 - 13:02 | 3243398 JustPrintMoreDuh
JustPrintMoreDuh's picture

What's Greece's version of DHS and have they put in any orders for billions of rounds of hp's yet?

Thu, 02/14/2013 - 13:02 | 3243400 pods
pods's picture

Lots of free time, no prospects and loads of testosterone do not bode well for stability.

pods

Thu, 02/14/2013 - 13:23 | 3243477 Desert Irish
Desert Irish's picture

Nah they'll just keep cranking out the next version of Call Of Duty, Halo, Grand Theft Auto......and reminding people to drink the tap water

Thu, 02/14/2013 - 13:04 | 3243409 AccreditedEYE
AccreditedEYE's picture

Repeat after me: Banks are more important than people.... Banks are more important than people. Bonuses must be paid.... Bonuses must be paid. Suffering is for the 99%....

Thu, 02/14/2013 - 13:11 | 3243430 apberusdisvet
apberusdisvet's picture

Waiting for the tipping point; most likely a massacre of protesters by government thugs.  Coming to a locality near you.

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