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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 | 3581185 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 | 3581204 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 | 3581223 ACP
ACP's picture

Soon the Brutals will Awaken.

 

Zardoz Has Spoken

Mon, 05/20/2013 - 15:01 | 3581268 wee-weed up
wee-weed up's picture

Release the Kraken!

Mon, 05/20/2013 - 15:08 | 3581300 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 | 3581331 Sofa King Confused
Sofa King Confused's picture

WW III should take care of all that youth unemployment

Mon, 05/20/2013 - 17:49 | 3581850 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 | 3582683 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 | 3581654 Kiss My Iceland...
Kiss My Icelandic Ass's picture

 

 

The policeman is our friend.

 

Bess Lindstrom

Mon, 05/20/2013 - 15:08 | 3581302 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 | 3581301 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 | 3581548 Freddie
Freddie's picture

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

Mon, 05/20/2013 - 14:58 | 3581212 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 | 3581321 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 | 3581410 ZerOhead
ZerOhead's picture

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

Mon, 05/20/2013 - 14:54 | 3581234 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 | 3581578 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 | 3583111 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 | 3581235 otto skorzeny
otto skorzeny's picture

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

Mon, 05/20/2013 - 15:20 | 3581347 DoChenRollingBearing
DoChenRollingBearing's picture

Quite.

Mon, 05/20/2013 - 14:54 | 3581237 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 | 3581275 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 | 3581626 max2205
max2205's picture

Join the fucking club, what took you so long?

Mon, 05/20/2013 - 14:44 | 3581192 Chief Falling Knife
Chief Falling Knife's picture

What's the Grecian name equivalent of Ernst Rohm?

Mon, 05/20/2013 - 14:48 | 3581203 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 | 3581221 Kiss My Iceland...
Kiss My Icelandic Ass's picture

Marxism is the opiate of the masses.

Mon, 05/20/2013 - 14:59 | 3581252 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 | 3581315 Sandmann
Sandmann's picture

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

Mon, 05/20/2013 - 14:59 | 3581261 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 | 3581510 Floodmaster
Floodmaster's picture

Marxism  != Stalinism

Mon, 05/20/2013 - 17:12 | 3581759 e-recep
e-recep's picture

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

Tue, 05/21/2013 - 01:10 | 3583104 Sandmann
Sandmann's picture

Marxism has always appealed to Elites - usually Secular Jews

Mon, 05/20/2013 - 14:55 | 3581239 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 | 3581209 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 | 3581242 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 | 3581270 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 | 3581353 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 | 3581379 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 | 3581525 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 | 3581675 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 | 3581752 besnook
besnook's picture

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

Mon, 05/20/2013 - 17:58 | 3581888 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 | 3582517 Cognitive Dissonance
Cognitive Dissonance's picture

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

Mon, 05/20/2013 - 14:49 | 3581210 FishHockers
FishHockers's picture

Time for a GLOBAL REVOLUTION

Mon, 05/20/2013 - 14:51 | 3581214 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 | 3581230 Kiss My Iceland...
Kiss My Icelandic Ass's picture

Counselor, what is a "ute"?

Mon, 05/20/2013 - 15:11 | 3581318 AKrandy
AKrandy's picture

Ya know dees two yutes

Mon, 05/20/2013 - 15:14 | 3581327 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 | 3581216 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 | 3581227 otto skorzeny
otto skorzeny's picture

Feel free to substitute US for EU in this comment.

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