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Europe's 'Status Quo Pandering' Risks "Radicalization Of An Entire Generation"

Tyler Durden's picture





 

It will come as no surprise to ZH readers that the topic of youth unemployment is critical in Europe but as Der Speigel reports, while the German government's efforts remain largely symbolic, Southern European leaders pander to older voters by defending the status quo and are failing in their fight against the potential for social unrest. One graduate noted, "None of my friends believes that we have a future or will be able to live a normal life," as a lost generation is taking shape in Europe. And European governments seem clueless; instead of launching effective education and training programs to prepare Southern European youth for a professional life after the crisis, the Continent's political elites preferred to wage old ideological battles. In this way, Europe wasted valuable time, at least until governments were shaken early this month by news of a very worrisome record: Unemployment among 15- to 24-year-olds has climbed above 60 percent in Greece. Suddenly Europe is scrambling to address the problem making it an 'obseesion'. There are strong words coming out of Europe's capitals today, but they have not been followed by any action to date.

 

 

Via Der Spiegel,

Stylia Kampani did everything right, and she still doesn't know what the future holds for her.

 

...

 

"None of my friends believes that we have a future or will be able to live a normal life," says Kampani. "That wasn't quite the case four years ago."

 

...

 

The unemployment rate among Greeks under 25 has been above 50 percent for months. The situation is similarly dramatic in Spain, Portugal and Italy. According to Eurostat, the European Union's statistics office, the rate of unemployment among young adults in the EU has climbed to 23.5 percent. A lost generation is taking shape in Europe. And European governments seem clueless..

 

...

 

Instead of launching effective education and training programs to prepare Southern European youth for a professional life after the crisis, the Continent's political elites preferred to wage old ideological battles.

 

...

 

These are strong words coming out of Europe's capitals today, but they have not been followed by any action to date.

 

For instance, in February the European Council voted to set aside an additional €6 billion ($7.8 billion) to fight youth unemployment by 2020, tying the package to a highly symbolic job guarantee. But because member states are still arguing over how the money should be spent, launching the package has had to be postponed until 2014.

 

...

 

A recent Franco-German effort remains equally nebulous.

 

...

 

Economists also argue that it's about time Europe did something about the problem. "The long-term prospects of young people in the crisis-ridden countries are extremely grim. This increases the risk of radicalization of an entire generation," warns Joachim Möller, director of Germany's Institute of Employment Research, a labor market think tank. "It was a mistake for politicians to acknowledge the problem but do nothing for so long,"

 

...

 

The key to combating youth unemployment is to reform the divided labor market. But as an internal report by the German government shows, the crisis-stricken countries have hardly made any progress on this front.

 

...

 

In Athens, young university graduate Stylia Kampani is now thinking of starting over. She is considering moving to Germany. And this time, she adds, she might stay there.

 


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Mon, 05/20/2013 - 14:41 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

"None of my friends believes that we have a future or will be able to live a normal life,"

 

They'll have a normal life. The "new"normal : grinding poverty and hopelessness.

Mon, 05/20/2013 - 14:48 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Yet it appears that the young in Europe are even less prepared to support the reforms necessary to make Europe's longer-term prospect any good.  Please correct me if I am wrong!

Mon, 05/20/2013 - 14:51 | Link to Comment ACP
ACP's picture

Soon the Brutals will Awaken.

 

Zardoz Has Spoken

Mon, 05/20/2013 - 15:01 | Link to Comment wee-weed up
wee-weed up's picture

Release the Kraken!

Mon, 05/20/2013 - 15:08 | Link to Comment macholatte
macholatte's picture

 

 

George Washington, as a boy, was ignorant of the commonest accomplishments of youth. He could not even lie.

Mark Twain

 

Youth is easily deceived because it is quick to hope.

Aristotle

 

Youth is wasted on the young.

George Bernard Shaw

 

Older men declare war. But it is the youth that must fight and die.

Herbert Hoover

 

We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.

Ayn Rand -1957

 

Principles have no real force except when one is well-fed.

Mark Twain

Mon, 05/20/2013 - 15:15 | Link to Comment Sofa King Confused
Sofa King Confused's picture

WW III should take care of all that youth unemployment

Mon, 05/20/2013 - 17:49 | Link to Comment Skid Marks
Skid Marks's picture

 

 

"Radicalization Of An Entire Generation"

 

See Viet Nam War

Now some of those radicals are in the universities and the White House doing what they complained about 50 years ago. 

Same shit...... different day.

 

 

Mon, 05/20/2013 - 21:50 | Link to Comment EscapingProgress
EscapingProgress's picture

Dear Ms. Kampani,

I look forward to viewing your profile on eligiblegreeks.com.

Sincerely,

EP

Mon, 05/20/2013 - 16:39 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

 

 

The policeman is our friend.

 

Bess Lindstrom

Mon, 05/20/2013 - 15:08 | Link to Comment ACP
ACP's picture

...and the SPY made another inverse H&S, as usual, which points to 167.3 @ close, at least.

Mon, 05/20/2013 - 15:08 | Link to Comment Doña K
Doña K's picture

The young that have no work, cannot pay taxes to support retirees. TPTB are plugging holes here and there, but they are running out of fingers.

Are you reading this BSB? You're toast.

All the PHD equations will amount to nothing as the theory of  chaos takes over.

The sweater will soon be unraveling into a skein.

Grab your 45 and shoot yourself. Your only way out. Unless of course you prefer Sepuku

Mon, 05/20/2013 - 16:06 | Link to Comment Freddie
Freddie's picture

Maybe the youth will start kicking out the Islamics and Africans who are invading.

Mon, 05/20/2013 - 14:58 | Link to Comment ZerOhead
ZerOhead's picture

But every cloud has a silver lining... and this one is VERY bullish for British equities.

Plus it's a great time to renegotiate your retail lease in England! (Especially if you have ten years left on your term! :)

The British Retail Consortium (BRC) said that one in eight UK shops remained vacant in April, with vacancy rate rising to 11.9% from 10.9% in January, the highest rate since the BRC study began in July 2011.

http://www.ibtimes.co.uk/articles/468973/20130520/brc-springboard-vacanc...

Mon, 05/20/2013 - 15:11 | Link to Comment Sandmann
Sandmann's picture

You clearly don't know how British retail leases are structured. They only ratchet upwards and the lessor waits until the tenant has full stocks for the quarter before foreclosing

Mon, 05/20/2013 - 15:33 | Link to Comment ZerOhead
ZerOhead's picture

I hear there is lots of flooding going on... isn't consignment a bitch?... :)

Mon, 05/20/2013 - 14:54 | Link to Comment rbg81
rbg81's picture

And, yet, a lot of these kids support the status quo too--so not a lot of sympathy here.  They have been programmed that way by their teachers and professors.  They all want to be bureaucrats--but only a few will win the "lottery". 

Mon, 05/20/2013 - 16:16 | Link to Comment tango
tango's picture

And, yet, a lot of these kids support the status quo too-

To all those obsessed with revolution in Europe I have pointed out numerous times that large majorities in Greece, Portugal, Cyprus, Italy and Spain are strong supporters of the EU and the euro - despite the ruination of their nations.  The kids are the worst.  Raised on a steady diet of fun, socialism and an all-powerful nanny state in which a bureacracy gives everyone their marching orders, what do you expect?

I saw a documentary wiht such non-workers.  Two majored in the arts, one in "business", one in teaching, one in computer science, etc....none in engineering, physics, or the trades. If Europe was a destination for filthy rich foreigners needing pampering they might land a job in the service industries but that is not the case. 

Tue, 05/21/2013 - 01:15 | Link to Comment Sandmann
Sandmann's picture

They support the EU simply to have outsiders control their corrupt elites. Trouble is their corrupt elites have coopted the EU.

Mon, 05/20/2013 - 14:54 | Link to Comment otto skorzeny
otto skorzeny's picture

Don't forget they have to deal with surly muzzies as well.

Mon, 05/20/2013 - 15:20 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Quite.

Mon, 05/20/2013 - 14:54 | Link to Comment Ag1761
Ag1761's picture

Their future will be as conscripts of the upcoming EU superstate`s New Model Army

Mon, 05/20/2013 - 15:03 | Link to Comment GVB
GVB's picture

These numbers.... I bet they exactly match the % op people voting for socialism parties in their country. So it will only get worse. 

Mon, 05/20/2013 - 16:30 | Link to Comment max2205
max2205's picture

Join the fucking club, what took you so long?

Mon, 05/20/2013 - 14:44 | Link to Comment Chief Falling Knife
Chief Falling Knife's picture

What's the Grecian name equivalent of Ernst Rohm?

Mon, 05/20/2013 - 14:48 | Link to Comment Inthemix96
Inthemix96's picture

Sickening,

Abolutley sickening.  There will be a terrible price these communist marxist fuckers at the top will pay.  An entire generation dumbed down, lost and without answers for their plight.

Find answers they will, and when they do, I wouldnt want to be the likes of Van Rumpoy and Co.

Mon, 05/20/2013 - 14:51 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

Marxism is the opiate of the masses.

Mon, 05/20/2013 - 14:59 | Link to Comment otto skorzeny
otto skorzeny's picture

Marx did forsee this as far as the polarizing of the classes and the resulting tiny group of uber-rich and a massive group of toiling poor-it's playing out now.

Mon, 05/20/2013 - 15:10 | Link to Comment Sandmann
Sandmann's picture

Marx wrote the script...he didn't tell them to follow it !

Mon, 05/20/2013 - 14:59 | Link to Comment Inthemix96
Inthemix96's picture

Sorry Kiss,

Its not and never was nor never will be.  Marxism has caused more death and destruction than possibly anything known to man.

Its time for people to be free from the yoke of the centrally planned nightmare of over reaching and over arching government.

Fuck living off the backs of others.  Fuck swindling people to pay for a lifestyle you could never afford if employed in gainfull work.

And fuck the IRS.

Cunts.

Mon, 05/20/2013 - 15:57 | Link to Comment Floodmaster
Floodmaster's picture

Marxism  != Stalinism

Mon, 05/20/2013 - 17:12 | Link to Comment e-recep
e-recep's picture

you can't live without an imaginary deity, can you?

Tue, 05/21/2013 - 01:10 | Link to Comment Sandmann
Sandmann's picture

Marxism has always appealed to Elites - usually Secular Jews

Mon, 05/20/2013 - 14:55 | Link to Comment PiratePawpaw
PiratePawpaw's picture

Give em an I-Pad and a 32oz Coke...it works on this side of the Atlantic.

Mon, 05/20/2013 - 14:50 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The youth of any country fights its wars and its revolutions.

<It's not nice to mess with Mother Nature......particularly if she is unemployed.>

Mon, 05/20/2013 - 14:56 | Link to Comment Freedom In Your...
Freedom In Your Lifetime's picture

This is completely off topic, but I was reading 'The Body Electric' by Dr. Becker and he talks about how it is possible control pain with thoughts (among other techniques) and gives some theories as to how it works. It reminded me of your guest post from way back talking about how you tried to nail your leg to a roof. Not sure if you have looked into this at all but the book is fascinating and I thought i'd share.

Mon, 05/20/2013 - 15:02 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

You have a great memory. That was Chapter Five of "Welcome to the Insane Asylum" called "Seeking Moral Courage".

And just to clarify.....I was not trying to nail my leg to the roof. It just sorta happened that way. :)

Mon, 05/20/2013 - 15:22 | Link to Comment Freedom In Your...
Freedom In Your Lifetime's picture

I think it stuck in my mind because I really want to believe in things like that but there are so many fake stories about things of this nature that I had a hard time really believing it was true. Things like this are a great reminder for me to keep an open mind about things I may find a bit outrageous or improbable.

Mon, 05/20/2013 - 15:32 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I didn't believe it was possible either until I was "shown" that it was indeed not only possible, but repeatable. The lesson for me was that I wasn't so much controlling the pain as much as the fear of the pain and of the unknown that is quickly associated with the pain.

The fatal mistake many of us make when we begin to "open" our minds is that once we begin to recognize that something is quite possible, which means we are rejecting a prior belief that it is/was impossible, we suddenly feel we must replace that old belief with another. This is a serious mistake. The key to an open mind is not to create new beliefs, but to simply allow the absence of belief to dominate and flourish in order to change our perspective.

Mon, 05/20/2013 - 16:01 | Link to Comment besnook
besnook's picture

you are controlling the response to pain and by doing that the actual pain is diminished.

  it is not the same as the response of the world's youth to their current fate. they seem to be in shock. the proper response should be massive riots, not peaceful demonstrations. there should be a palpable rage against the machine instead there is an almost mild frustration that .gov is not looking after them. is this the product of ignorance? of history that major change can only come by threatening the lives of the leaders? or is it the fear factor that they may actually have to give their lives in exchange of their leaders lives? or are they just comfortably numb?

Mon, 05/20/2013 - 16:46 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I was responding with an off topic response to an off topic comment directed towards me from Freedom......

Off topic as in no relation to the actual subject matter of the article.

Mon, 05/20/2013 - 17:09 | Link to Comment besnook
besnook's picture

i connected it to the issue because it is quite similar.

Mon, 05/20/2013 - 17:58 | Link to Comment kridkrid
kridkrid's picture

Awesome post... Wishi could provide more up votes. Did you ever get around to reading Psychopath Test?

Mon, 05/20/2013 - 20:59 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I did not. Thank you for re-reminding me to do so. :)

Mon, 05/20/2013 - 14:49 | Link to Comment FishHockers
FishHockers's picture

Time for a GLOBAL REVOLUTION

Mon, 05/20/2013 - 14:51 | Link to Comment otto skorzeny
otto skorzeny's picture

Utes with nothing to lose- euro kids are always up for a nice riot- US kids- not so much. The seeds of unrest sprout steadily in the spring sun.

Mon, 05/20/2013 - 14:53 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

Counselor, what is a "ute"?

Mon, 05/20/2013 - 15:11 | Link to Comment AKrandy
AKrandy's picture

Ya know dees two yutes

Mon, 05/20/2013 - 15:14 | Link to Comment youngman
youngman's picture

What..only 5 dead and 25 injured in Chicago this weekend..the utes of America no how to spray and pray quite well

Mon, 05/20/2013 - 14:50 | Link to Comment newworldorder
newworldorder's picture

The EU cannot fix its unemployment problems while subsedising its bankster class. The unemployment numbers are too big and the debt is too big as well. EU leaders must choose to fix unemployment or continue the bankster subsidy.

Its one or the other. To date they have chosen to ignore the EU citizens in favor of banksters. 

Mon, 05/20/2013 - 14:52 | Link to Comment otto skorzeny
otto skorzeny's picture

Feel free to substitute US for EU in this comment.

Mon, 05/20/2013 - 16:14 | Link to Comment Freddie
Freddie's picture

The same open-borders marxist letting the third world flood in including msulims and africans.  The countries are broke, no jobs yet they still let the third world flood in.

Mon, 05/20/2013 - 14:59 | Link to Comment PiratePawpaw
PiratePawpaw's picture

If only we could engineer some sore of armed geo-political conflict....It would occupy the youths, generate jobs, and profits for the 1%......Have they tried that yet?

Mon, 05/20/2013 - 15:00 | Link to Comment PontifexMaximus
PontifexMaximus's picture

They will move ahead to do so

Mon, 05/20/2013 - 14:50 | Link to Comment Steve Brown
Steve Brown's picture

The ground has never been more fertile for social unrest. When the disaffected youth take to the streets, the shooting by TPTB will commence and anarchy will rule.

Mon, 05/20/2013 - 15:05 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

"The ground has never been more fertile for social unrest."

And yet, the sheeple continue to cower and wait for the invisible hand of Keynesian intervention to save the day. Maybe the next trillion of QE will do the trick ! LOL

Mon, 05/20/2013 - 14:53 | Link to Comment cabtrom
cabtrom's picture

All the worlds elites are sitting in a room arguing over who has to sell their Farrari. Haha

Mon, 05/20/2013 - 15:26 | Link to Comment reload
reload's picture

They are not: sales of Ferrari, Lamborghini, Porsche, Zonda, McLaren etc etc are solid as a rock. Ferrari just had a record 1/4 in Japan. If the Elites are arguing about anything it is parking spaces for mega yachts in Monaco harbour - where they are building bigger facilities to accomodate the vast private ships now so popular with the looting classes.

Mon, 05/20/2013 - 16:51 | Link to Comment johny2
johny2's picture

they are having the best time since the Roman Empire times. as long as China can provide the slave labour and USA can provide petroleum, they are going to have it easy.

Mon, 05/20/2013 - 14:56 | Link to Comment PontifexMaximus
PontifexMaximus's picture

Markets need, as I said before, high unemployment rates, whether for young or "old" people. That's the oxygene, markets need. Reality? Who the hell cares. Larry Fink used to say: it (all) doesn't matter. So who is right. By the way, anyone tickets for champ. leag. final London? They could ask for 1000 pounds tag, sold out. So again, who cares? And Hollande, Letta, Rajoy et al know it full well. So be sure, Mario and Ben will synchronize every step.

Mon, 05/20/2013 - 15:27 | Link to Comment reload
reload's picture

I just sold a pair for £700 with ease.

Mon, 05/20/2013 - 14:57 | Link to Comment Never One Roach
Never One Roach's picture
Tourism chiefs dismiss fears after Paris riots

May 15th, 2013

 

http://www.thelocal.fr/20130515/tourism-chiefs-dismiss-fears-after-paris...

 

 

"Honey, what do ya say we skip that 'romantic' trip to Paris this year and head over to Seaworld and say Hi to Shamu instead?"

Mon, 05/20/2013 - 15:04 | Link to Comment Son of Loki
Son of Loki's picture

Beijing on Saturday urged French authorities to better protect Chinese tourists known for their big spending habits, citing "concern" over recent attacks on visitors to Paris.


"France has long been considered a dream destination in China, where it is often lovingly portrayed as the country of "romance".

But that dream has recently turned into a nightmare for some Chinese tourists, who have been victims of violent robberies and other aggressions. Chinese media has in recent weeks reported on several such incidents."


 

http://www.thelocal.fr/20130324/beijing-asks-france-to-protect-china-tou...

Mon, 05/20/2013 - 15:50 | Link to Comment PontifexMaximus
PontifexMaximus's picture

I do not want them in Paris, the frogs are already pushing up prices and giving no countervalue, as they always did in Paris.

Mon, 05/20/2013 - 15:15 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

"Tourism chiefs dismiss fears after Paris riots"

"Pay no attention to the rioting youths beneath the Eiffel Tower! Move along folks, nothing to see here ... "

Mon, 05/20/2013 - 15:21 | Link to Comment Charles Wilson
Charles Wilson's picture

"Honey, what do ya say we skip that 'romantic' trip to Paris this year and head over to Seaworld and say Hi to Shamu instead?"

Shamu has had it. He told his Psychotherapist the other day that he's about ready to break out.

"You think it's easy swimmin' around inna play pool all day?...For freakin mackeral' for God's sake?  I'm tellin' ya', let little Johnny get just a little closer and I'll show you all.  I've had it.  Why don'cha loop that movie of my family roostin' out a few penguins, OK?  I tell you, I'm BIG and I float the dime around here.  You think THAT matters?  Don't nobody get ANY kind'a support around here.  Things are gonna change, Reeeeel soon, I can promise you. Real soon."

Mon, 05/20/2013 - 14:57 | Link to Comment Seasmoke
Seasmoke's picture

The devil will find work for idle hands to do

Mon, 05/20/2013 - 14:57 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

they have a future...

and the sooner they learn how to make malotov cocktails and begin hurling them at the cocksucker bankers and their bitch owned politicians the brighter that future will become....

Mon, 05/20/2013 - 15:17 | Link to Comment mkhs
mkhs's picture

It might make more sense as:http://en.wikipedia.org/wiki/Molotov_cocktail

Mon, 05/20/2013 - 15:00 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Wait!  Aren't these youth supposed to be supporting the older generation with the incredible benefits and pensions?

 

Mon, 05/20/2013 - 15:05 | Link to Comment Charles Wilson
Charles Wilson's picture

Laughable!:

"Instead of launching effective education and training programs to prepare Southern European youth for a professional life after the crisis, the Continent's political elites preferred to wage old ideological battles."

That these 2 statements are concatenated together is astonishing.  The old "Ideological Battles" were PRECISELY about "launching effective education and training programs", etc., etc., to NAUSEA.

Never a mention of education and training happening in...I dunno...a JOB maybe?

Capitalism or...uhhh...Oh, NEVER MIND.

It's OVER.  OVER!

 

CW

Mon, 05/20/2013 - 15:18 | Link to Comment Kiss My Iceland...
Kiss My Icelandic Ass's picture

It would be laughable if it weren't so sick. O tempora !

Mon, 05/20/2013 - 15:51 | Link to Comment PontifexMaximus
PontifexMaximus's picture

...... O mores

Mon, 05/20/2013 - 15:07 | Link to Comment Joe A
Joe A's picture

It is a big problem but unemployment among high school and university's undergraduate and graduate students is also due to the fact that many students do 'fun studies' without any real prospects for a job. Who needs 'leisure time consultants',  'social media advisors', 19th century Enlish literature graduates, etc.?

And they actually think they are entitled to get a job in these 'professions' while these jobs are  just not there.

There will always be work for people who actually know how to do something but these kinds of studies are looked down upon in Europe. Also, not many people are taught skills needed to promote themselves, for work searching, how to set up a business and to look for work other than the profession you studied. And societies also don't make it easy for them: no internship places are created, no support and guidance for young people with a business idea, no business incubators.

It is a hard wake up call for some but knowing how to chat, make funny videos and text really fast are not skills that any employer is looking for.

Mon, 05/20/2013 - 15:09 | Link to Comment Sandmann
Sandmann's picture

There are lots of unemployed Chemistry graduates, Engineers, Aeronautical Engineers, IT Programmers, Physics graduates.......it is only Media studies graduates that get jobs in Amazon warehouses

Tue, 05/21/2013 - 02:45 | Link to Comment Joe A
Joe A's picture

In my country NL there are 15,000 IT positions that cannot be filled. Overall there is a shortage of any kind of engineers and medical staff such as nurses. But any technical profile is not appreciated neither in salary not in carreer prospects in NL.

They tried outsourcing but that was not much of a success. People who are unemployed now had jobs mostly in services or in administration although due to the housing crisis also a lot of construction workers lost their jobs (or were replaced with cheaper Poles).

Mon, 05/20/2013 - 15:07 | Link to Comment Sandmann
Sandmann's picture

They will all have to come to Britain which ZH always ignores. It may not be in the Euro but it is a Class A Basket Case, though ZH never mentions it. Youth unemployment is simply ignored but facts on the ground are different from Bloomberg terminals.

There is not a lot of difference between Britain and Italy really

Mon, 05/20/2013 - 15:09 | Link to Comment Uncle Zuzu
Uncle Zuzu's picture

Germany at 7.9% and Austria at 9.9%, show-offs!

Mon, 05/20/2013 - 15:15 | Link to Comment timbo_em
timbo_em's picture

Merkel is a clever bitch. It should be clear by now that she uses the Euro to cure Germany's horrible demographics.

Mon, 05/20/2013 - 15:16 | Link to Comment Floodmaster
Floodmaster's picture

Remove the military and the US is worse than Spain.

Mon, 05/20/2013 - 15:20 | Link to Comment youngman
youngman's picture

I do think many College grads will be under employed for many years...its what they do with those underemployed years is important..do they re educate themselves...do the go out and do their own thing...sole proprietor...startups....or do they just file for disablitly ..move to Colorado for the easy access to pot....and call it a life....I think the latter unfortunatly....

Mon, 05/20/2013 - 15:24 | Link to Comment Fezter
Fezter's picture

Bring back the Holy Roman Empire....Otto I will fix this mess....

Mon, 05/20/2013 - 15:39 | Link to Comment Boondocker
Boondocker's picture

Hmmmm.Britian must have really low unemployment....wtf

Mon, 05/20/2013 - 15:45 | Link to Comment BattlegroundEur...
BattlegroundEurope2011's picture

The UK is NOT in Euro land.

The UK is not part of the Socialist Republic of Europe.

 

The sooner UKIP gains traction or our useless 3 Main Parties wake up the better.

We Brits do not want anymore Europeans pls.  We are full.

 

Mon, 05/20/2013 - 18:26 | Link to Comment harry555
harry555's picture

Fellow Europeans are fine.  It's the third world dross that's the problem.

Tue, 05/21/2013 - 13:26 | Link to Comment BattlegroundEur...
BattlegroundEurope2011's picture

Bullshit.

Close the borders and get our "OWN" ppl to bloody work instead of sponging from the Social.  We have enough unemployed to fill all the jobs in the country.

 

Then and only then do we open our borders back if there is a REAL need.

End of.

 

Tue, 05/21/2013 - 02:54 | Link to Comment Joe A
Joe A's picture

Europeans don't want no binge drinking English hooligans and slags nor bloated arrogant ex-pats anymore.

Mon, 05/20/2013 - 15:46 | Link to Comment Floodmaster
Floodmaster's picture

Strangely Germany/Austria never had a housing bubble (same price as 1970) as the PIIGS have.

Mon, 05/20/2013 - 15:57 | Link to Comment PontifexMaximus
PontifexMaximus's picture

It is difficult for the anglosaxon world to understand, that high youth unemployment in EU is an absolute nobrainer. They are doing well, they enjoy a nice life. So, believe me, no one cares in EU about it.

Mon, 05/20/2013 - 15:58 | Link to Comment Gordon Freeman
Gordon Freeman's picture

Lazy, disaffected, eurotrash are perfectly happy to keep sucking off the government teat. 

Fake-indignant articles like this ZH perennial chestnut, purporting that Europe is full of a seething youth underclass, are just pathetic and risible.  As others have pointed out, these kids vote FOR this stuff!

Mon, 05/20/2013 - 16:05 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

When the promises can't be kept that youth unemployment thing becomes a real issue and it is not just the youts that you gotta worry about then.

Mon, 05/20/2013 - 16:02 | Link to Comment malek
malek's picture

 "None of my friends believes that we have a future or will be able to live a normal life," says Kampani. "That wasn't quite the case four years ago."

Now has only the belief changed or the whole future - that's the next question.

Mon, 05/20/2013 - 16:09 | Link to Comment Kreditanstalt
Kreditanstalt's picture

"launching effective education and training programs" would be equally useless, treating the symptoms rather than the problem.

What is needed is radical deregulation, smaller governments, lower taxes, less government spending...you have to make it possible for people to become entrepreneurs.  It isn't now.

And, of course, the elimination of fractional reserve banking, central banking and fiat money!

Mon, 05/20/2013 - 16:15 | Link to Comment PontifexMaximus
PontifexMaximus's picture

U took the words rite out of my mouth

Mon, 05/20/2013 - 16:17 | Link to Comment PontifexMaximus
PontifexMaximus's picture

La cupola non lo vuole, mai!

Mon, 05/20/2013 - 17:29 | Link to Comment My Days Are Get...
My Days Are Getting Fewer's picture

When utter hopelessness sinks in, Rudi Dutsche and Baader Meinhof will be resurrected.  There are plenty of groups who would like to see Europe degenerate into anarchy. And, the free-flow of weapons and munitions from East to West would be easier than transporting drugs.  If the governments don't stop giving money to the banks and redirect their efforts to rebuilding civil society, you only need the bottom one percent to forcefully engage themselves to destroy the status quo.  And, a whole bunch of people in the lower strata of society will offer passive support because they too have nothing to lose.

Mon, 05/20/2013 - 17:45 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

And if share some of the spoils, once they get a taste....

Tue, 05/21/2013 - 02:58 | Link to Comment Joe A
Joe A's picture

I don't know. People have become complacent and passive. I mean, in the past smaller crisis led to more civil unrest and acts of resistence/terrorism then we see now. I wondered why in countries such as Greece or Spain people instead of popping bankers and politicians are killing themselves.

Tue, 05/21/2013 - 02:37 | Link to Comment AgentScruffy
AgentScruffy's picture

Yes to economic liberalization: the strides made by the Baltic states, though not perfect, are promising.

Mon, 05/20/2013 - 16:17 | Link to Comment Divine
Divine's picture

Seems like all the kids in Europe are doing dope. 

 

This will end up in tears bitches

Mon, 05/20/2013 - 18:33 | Link to Comment Poor Grogman
Poor Grogman's picture

Starting a business from scratch that can employ people and make it's owner financially comfortable, is virtually impossible with all the red tape and indecipherable regulation.

Even if by some good luck and Herculean effort you were able to overcome all the state imposed hurdles to wealth creation, you would be taxed into oblivion while simultaneously being portrayed by loud mouths as a "rent seeker" or some sort of capitalist parasite.

Why would you bother?

Atlas has shrugged, and is enjoying a good book, he might get out of his chair after the great reset...

Mon, 05/20/2013 - 19:15 | Link to Comment pashley1411
pashley1411's picture

Its not the end of the world.

The Chinese youth of that time lived thru the Cultural Revolution.   They may be bitter about the lost opportunity for what amounted to sheer political theater. 

Other generations have to live thru stupid and pointless wars.   Sad for them, and yet it happens.

So, in a different context but similar result, the youth of the EU countries are sacrificed on the pyre of their elder's promises and delusions.    

Mon, 05/20/2013 - 19:57 | Link to Comment Loophole
Loophole's picture

The only thing govts can do to help in their economies is to get the hell out of them.  Aside from the military, police, courts, and their support services, everything else they do is, one way or another, just wealth redistribution.

Some stealing from others.

But it looks to me that people are determined to learn this the hard way.  The very hard way.

Mon, 05/20/2013 - 20:16 | Link to Comment Apocalypse airt...
Apocalypse airtractor's picture

Lots of jobs coming soon to euro youth. As long as your throwing arm is good and you can fill bottles with petrol. Of course no base salary or benifits it's strictly straight commission work, what you can haul home that isn't smoke damaged.

Tue, 05/21/2013 - 03:16 | Link to Comment Sauerkraut-Opinion
Sauerkraut-Opinion's picture

There is a simple way to solve the problem: Wage-dumping like in Germany.

This intra-eurozone trade war will not come to a good end: German entrepeneurs, bankers and shareholders wish socialication of the euro-desaster (..to continue with this wage-dumping-currency) while skimming of profits and avoid necessary wage-increases in Germany (...without there will never be a balance..), southeuropean leaders wish either (re-)starting the money printing machine or substantial tax transfers from Germany to keep on with their familiar living standard. A transferunion means in net terms further wage- and social cuts in Germany for the lower class - this is the way they try to go - everything depends on the strong neoliberal propaganda machine in Germany to manipulate the exploitees between Flensburg and Garmisch but people start asking question if they have to turn the wheel twice as fast as rest of europe to ensure the survival of a common currency which obviously does not fit for a completely heterogeneous community of countries in terms of economy and culture. Easy to predict: Until the election date is taking place certain discussion - after the "E-Day" Berlin will sacrifice one third of it's own sheeps. After september 22th Angela Merkel will - in a televised adress - declare the official start of the European transferunion wrapped by a half-hearted forerunner of a "commun economy-government" within the eurozone. The ESM is already created, quiet certain another new authority will be feeded by the EZB via EIB. Welcome transferunion!

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