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Is This Why Social Unrest In Europe Has Been Subdued (For Now)?

Tyler Durden's picture





 

When even the political elite are voicing concerns about the possible social implications of youth unemployment rates in Europe being so egregiously high, you know that there are problems. The question many have is that until now riots have been few and far between (most notably Sweden and Switzerland recently); so why are the main areas of massive unemployment not seeing the widespread chaos? The answer, perhaps unsurprisingly, is in government handouts but as Stratfor notes, time is running out for the benefit-beholden generation and perhaps the governments will finally see what so many have been fearful of.

 

 

Via Stratfor,

Greece, Spain and Portugal have the highest rates of unemployment in the eurozone, and all have relied heavily on unemployment benefits as a safety net for people who have lost their jobs. Of the three countries, Spain's unemployment system is the most generous. On average, Spain currently spends roughly 800 euros ($1,030) per inhabitant on these benefits (from 483 euros in 2007), while Greece spends some 330 euros (from 216 euros in 2007) and Portugal around 230 euros (from 182 euros in 2007).

 

The unemployment benefits system -- along with other social benefits such as pensions and increased remittance inflows from family members abroad, as well as aid from family members at home and, to some extent, informal economic activities -- is somewhat mitigating the social aspect of the European economic crisis.

 

However, these safety nets are limited.

Because of the pervasiveness of the crisis, long-term unemployment (people who have been out of work for a year or more) is growing in the EU periphery and currently affects almost half of the unemployed population of Greece, Spain and Portugal. This means that many people will likely lose their unemployment benefits before they find a new job. Rising unemployment is also leading to a shrinking tax base in these countries, giving central governments fewer economic resources to support a more expensive system of unemployment benefits.

 

With unemployment projected to remain well above its pre-crisis level in the medium term, questions over the sustainability of unemployment insurance will remain a key issue in the periphery of the eurozone.

 


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Wed, 05/29/2013 - 22:37 | Link to Comment The Invisible Foot
The Invisible Foot's picture

The tsunami of credit will soon dry up... 

Wed, 05/29/2013 - 22:42 | Link to Comment knukles
knukles's picture

Why?
Why in God's name are those in charge of social programs successes or failures warning of their impending collapse?

Why not just go out and hang yourself in public?

 

On second thought, that just might be the start of a good solution...

Wed, 05/29/2013 - 22:59 | Link to Comment asteroids
asteroids's picture

Only people that need to hang are the banksters and their political puppets. There are people dying from hunger. We now have kids starving and stifing through garbage to find a meal. Fucking asshats.

Wed, 05/29/2013 - 23:12 | Link to Comment ZerOhead
ZerOhead's picture

Kindly don't forget the warmongering Neocons, the job offshoring and society destroying Neolibs, lawyers, lobbyists, all the other economists (excluding Taleb) and the Clinton's please...

Wed, 05/29/2013 - 23:37 | Link to Comment WayBehind
WayBehind's picture

Repeat after me:

Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits > Print More fake money > Extend benefits >

Thu, 05/30/2013 - 00:24 | Link to Comment ZerOhead
ZerOhead's picture

Close... but you forgot to include the non-stop prayerfest for deliverance to the "In God" that the bankers place so much "We Trust" in....

Just sayin'...

Thu, 05/30/2013 - 02:12 | Link to Comment jbvtme
jbvtme's picture

QE.  Unemployment benefits.  What's the dif?

Thu, 05/30/2013 - 06:22 | Link to Comment negative rates
negative rates's picture

You forgot to Ben Dover inbetween.

Thu, 05/30/2013 - 07:46 | Link to Comment de3de8
de3de8's picture

When this whole thing finally blows up, ugly won't begin to describe the outcome.

Wed, 05/29/2013 - 23:01 | Link to Comment Freddie
Freddie's picture

Why not just go out and hang yourself in public?

Better yet - hang the European bankster families and EUSSR politicians in or by pubic. 

Thu, 05/30/2013 - 07:13 | Link to Comment Marigold
Marigold's picture

Well Bertie Ahern that one time grand Prime Minister of Ireland said that people who did not believe in the Celtic Tiger should commit suicide .

Thu, 05/30/2013 - 09:24 | Link to Comment Offthebeach
Offthebeach's picture

Once I was pond/lake fishing near sparking lot, docks, boat ramp landing. A water tanker type truck backed down the boat ramp and poured out a bunch of farm raised young trout, and the left. The young trout just stayed in a school, as they were raised, and didn't know what to do.
Caught a bunch.

Youths are state farmed raised.
They won't rise against their parent, the rich state.
All their ideas are implanted state ideas. Perfect lumpen drones. Fiat, sex, pot, Section 8, hump job and obamacare.
You have a better chance recruiting in a nursing home. Seriously.

Thu, 05/30/2013 - 09:32 | Link to Comment CH1
CH1's picture

What you say is often true, Offhtebeach, but...

Humans are not fish. Even though we haven't seen much of it in a long time, humans do, occasionally, wake up and remember that they are, in fact, a higher order of being.

May it be soon.

Wed, 05/29/2013 - 22:41 | Link to Comment Bawneee Fwank
Bawneee Fwank's picture

Let the fun begin already! 

 

Wed, 05/29/2013 - 22:41 | Link to Comment Magnum
Magnum's picture

DHS bought 7851 tanks to quell uprising on US soil.  Maybe the bureaucrats in Brussels don't yet have their ducks in a row.

Wed, 05/29/2013 - 22:44 | Link to Comment knukles
knukles's picture

So maybe they're gonna get serious about gun control and invade the inner cities where the preponderance of violent crime takes place with illegal, unregistered guns?
Or am I missing something here?

Like the hidden agenda?

Wed, 05/29/2013 - 23:23 | Link to Comment ZerOhead
ZerOhead's picture

They will likely steer clear of the inner city urban jungles  and let them all sort it out for themselves... I mean like what would be the point? The 'bad guys' with the guns will be doing pretty much what the 'security forces' would have been doing anyway...

No... They will spend most of their resources fending of any insurrection or resistance to their own power and protect the perpetrators who highjacked our goverment and got us into this mess to begin with... oh... and try to enslave the rest of the world while they are at it.

The dream never dies you know...

Thu, 05/30/2013 - 04:33 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

Tanks are no good in urban areas, too vulnerable, too immobile. Good for bombarding cities or using flame throwers, but no good actually going into narrow streets.

Wed, 05/29/2013 - 22:46 | Link to Comment GrinandBearit
GrinandBearit's picture

So, I guess they're gonna blast the shit out of everyone who riots... that should work well.

Wed, 05/29/2013 - 22:59 | Link to Comment otto skorzeny
otto skorzeny's picture

IL Nat Guard held training locally in small SW Chi suburb this weekend with choppers and flash bangs to "simulate urban warfare in Afghan"(according to local MSM newspaper) if you can believe that bullshit. They didn't want people to panic- that will come when the weapons have live rounds to quell the food riots.

Wed, 05/29/2013 - 23:04 | Link to Comment Freddie
Freddie's picture

They pulled this shit in Miami, Houston and another city.  Pretty impressive until people are firing back with real ammo particularly someone or a few someones with deer rifles who knows what they are doing.

Wed, 05/29/2013 - 23:16 | Link to Comment otto skorzeny
otto skorzeny's picture

 I guess the trillions spent on the military precludes them from building urban combat simulation training centers. What a bunch of fucking fascists- and not the nationalist kind that have the country's best interest at heart- however deluded that might be.

Wed, 05/29/2013 - 23:48 | Link to Comment WAMO556
WAMO556's picture

Most of these National guard units are NOT combat trained! The hardest thing most folks don't understand is WORKING in a chaotic lethal environment. Unless you have the training or operational experience to overcome (what I call "VAPORLOCK") a narrowed situational awareness, like getting objective focus, then gaining this experience is very costly.

MURPYS LAWS OF COMBAT:

The enemy invariably attacks on two occasions:
when they're ready.
when you're not.

No OPLAN ever survives initial contact.

When you have secured the area, make sure the enemy knows it too, otherwise they might decide to come back.

Artillery fire has the right of way.

No inspection ready unit has ever passed combat.

If the enemy is within range, so are you.

Just a few common sense observations.

I'll add one of my own:

Your super-clean, functions only on perfect ammo, target rifle, wont work in combat!

Thu, 05/30/2013 - 00:14 | Link to Comment otto skorzeny
otto skorzeny's picture

Explain why this is done in the middle of a heavily populated suburban area that bears no resemblance at all to ME shithole combat areas that we are currently fought to a standstill in? And the last I checked Nat Guard units are deployed extensively in current combat theatres. Also my AK has 10s of  thousands of rounds through it w/ the shittiest ammo I can buy w/ no misfires after infrequent cleanings-thanks for asking.

Thu, 05/30/2013 - 00:59 | Link to Comment decon
decon's picture

I'll add a couple of our Arizona sayings;

The primary use of a side arm is to fight your way to the nearest rifle.

Whiskey's for drinking and water's for fighting.

Thu, 05/30/2013 - 04:38 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

The UK has such facilities I'm sure the US has them too. Maybe this is a circus to show the people what the consequences of rioting might be.

Thu, 05/30/2013 - 04:36 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

So how are these guys going to hide from the Drones? Control the air control the battlefield. Just saying.

Thu, 05/30/2013 - 06:44 | Link to Comment mercenaryomics
mercenaryomics's picture

Just hack them of course!

Wed, 05/29/2013 - 22:46 | Link to Comment lordbyroniv
lordbyroniv's picture

Dont you know that you can count me out..................................

 

IN !!!!!!!!!!!!!!!!!!!!!!!!!!!!

Wed, 05/29/2013 - 22:50 | Link to Comment Charles Wilson
Charles Wilson's picture

I know!  Let's go on a bloodthirsty rampage of Government mandated consumption that will use up all of our resources world wide before the next generation has a chance to have something to eat!

They're not that hungry now anyway.

I mean,how hard is it?  We can grow things and produce stuff or give out plastic cards with magnetic strips on the back that will let us buy anything!

Power shortages?  Just put in some more electrical sockets.  SIMPLE!!

Wed, 05/29/2013 - 23:49 | Link to Comment Raynja
Raynja's picture

give me a break, everyone knows china will keep producing garbage to exchange for our conuterfeit fiath to exchange for our gold until our gold runs out.... oh shit

Wed, 05/29/2013 - 23:02 | Link to Comment Mr. Saxby
Mr. Saxby's picture

As long as the teevee stays on and the hopium keeps flowing, their will be no riots in the US.

Thu, 05/30/2013 - 03:30 | Link to Comment andrewp111
andrewp111's picture

Hopium is the only thing keeping the lid on US cities. The Hopium stops at noon on Jan 20 2017. It cannot be renewed or replaced. After that time, be afraid. Very afraid.

Thu, 05/30/2013 - 08:05 | Link to Comment e-recep
e-recep's picture

when was the last time the caucasian americans rioted? 1773?

Thu, 05/30/2013 - 10:07 | Link to Comment MassOpiate
MassOpiate's picture

Spot on.

Keep the booze, ball games, and celebrity dancing shows running and all will be well . . .

Wed, 05/29/2013 - 23:03 | Link to Comment joego1
joego1's picture

Why not just print more?

Wed, 05/29/2013 - 23:17 | Link to Comment JackT
JackT's picture

Who says they aren't?

Thu, 05/30/2013 - 00:22 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Print more what?  Oil?

Thu, 05/30/2013 - 02:52 | Link to Comment ponzisaurus
ponzisaurus's picture

Certified low hypothication copper certificates of course. (CLHCCs)

Wed, 05/29/2013 - 23:10 | Link to Comment snr-moment
snr-moment's picture

Man, I hope someone is keeping a truly archivable record of all of this.  This is gonna be epic.

 

Thank you Mr. Marx

Thu, 05/30/2013 - 08:10 | Link to Comment ZH11
ZH11's picture

Political economy regards the proletarian...like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being. It leaves this to criminal law, doctors, religion, statistical tables, politics. and the beedle.

Wed, 05/29/2013 - 23:16 | Link to Comment DeliciousSteak
DeliciousSteak's picture

Meh. Even when/if they lose unemployment benefits they'll still be able to get free food (and probably some sort of "humane living standard" guarantee from the state) People won't get violent as long as they know they have a meal waiting. It's a democracy after all, they had their say in the booth. A few molotovs, some "invasions" of public spaces etc. is probably the worst it's going to get.

Wed, 05/29/2013 - 23:18 | Link to Comment otto skorzeny
otto skorzeny's picture

a tiny spark starts the most massive of forest fires.

Thu, 05/30/2013 - 02:14 | Link to Comment espirit
espirit's picture

Biblical!

Wed, 05/29/2013 - 23:55 | Link to Comment Luxy
Luxy's picture

1 Corinthians 13:13; And now these three remain: faith, hope and love. But the greatest of these is love.

 

If we want to win some to our side on the way down, to save a few, I pray all good members of this forum are practicing this in their community. Its what seperates TPTB from us. They have no love but for Mammon. 

Thu, 05/30/2013 - 02:15 | Link to Comment Bunga Bunga
Thu, 05/30/2013 - 00:31 | Link to Comment Cultural Capital
Cultural Capital's picture

There is a reason why we went off the gold standard, so that programs like these can be extended foreva. :D

Thu, 05/30/2013 - 06:45 | Link to Comment GreatUncle
GreatUncle's picture

1. Yep as to why the gold standard was dumped. Would make it very easy to observe the financial manipulations against a fixed standard.

2. Forever? Nope, clock is ticking and they know it. All the monetary manipulations are rapidly devaluing away and value the bottom half of the population owns. When there are enough in that group governments get deposed and wiped out.

3. On point 1. and they are really screwed the financial manipulations increased the end asset value and the problem they have now is how do they prevent the end values and their own worth collapsing in the process. Ha, ha if that goes people like Obama and may others are skint also.

At the moment the new outlet of exchange currency seems to be to move into stocks as security although being another overvalued piece of paper think it ends the same.

Thu, 05/30/2013 - 00:32 | Link to Comment geekgrrl
geekgrrl's picture

It's all so sad. Robbing the children's future to stave off the inevitable correction and re-balancing of power that is inevitable? It's just as sad the other way, when people are completely cut off from any social safety net, the preferred method in the US.

I say this with a heavy heart as an acquaintance of mine lost his job last year, has fallen on hard times, exhausted his benefits, has recently taken to giving away his possessions and in a phone call this afternoon, confirmed my suspicions he is about to take his own life. I tried to talk him out of it, of course, but I doubt it did any good. He is in despair.

This is what the world has come to. A few have more wealth than they could possibly spend in many lifetimes, while so many others face bankruptcy, homelessness, starvation, disease, and death. This is not going to end well.

Thu, 05/30/2013 - 02:05 | Link to Comment Prince Eugene o...
Prince Eugene of Savoy's picture

Other than prepping supplies, possessions are not essential to survival. In fact they are usually distractions from what is really important. If he is responsive, then direct him to Ann Barnhadt to learn about her situation. She has lost probably hundreds over what your friend has lost. How does she cope? http://barnhardt.biz/

Thu, 05/30/2013 - 02:35 | Link to Comment ponzisaurus
ponzisaurus's picture

Get in his face.  Tell him the truth.  Hes a coward.  He can go down to the mission and live for free.  He can get a job at taco bell.  He can own a cat.  He can read in the library.  He has 100x more opportunity than in the third world.  You going to put up with his drama?  Shit tell him you will bring a gun over if hes that much of a coward.  This is fight club.  You ARE  NOT what YOU own!

Thu, 05/30/2013 - 03:41 | Link to Comment geekgrrl
geekgrrl's picture

Actually, he is quite a talented man, but this world doesn't care. We're all about sales, public relations, blowing smoke up each others' asses, and generally turning the resources of the world into garbage.

Didn't you know you can get something for nothing in this country? Just invest, and steal the money of the nation.

Thu, 05/30/2013 - 07:16 | Link to Comment robochess
robochess's picture

"You are not what you own." <<<<<<<<<< EXCELLENT, Sir... thank you.

Thu, 05/30/2013 - 08:19 | Link to Comment eddiebe
eddiebe's picture

And while you're at it tell the loser to take down a few pigs if he's hell bent on offing himself.

Thu, 05/30/2013 - 10:44 | Link to Comment geekgrrl
geekgrrl's picture

I gave you the down arrow and you deserve a thousand more.

Ignorant fool.

Thu, 05/30/2013 - 07:14 | Link to Comment robochess
robochess's picture

Then you had better get cracking on getting the media to stop focusing on the asswipes of the world in Hollywood, the "K" Street corridor, Wall St. banksters, hadn't you?

Thu, 05/30/2013 - 10:40 | Link to Comment geekgrrl
geekgrrl's picture

Actually, no. This is your world, and if you have children (which I do not) then it might benefit them if you gave a fuck about the world. Yes?

Thu, 05/30/2013 - 01:13 | Link to Comment Meremortal
Meremortal's picture

Riots are for city people to worry about.

Thu, 05/30/2013 - 02:27 | Link to Comment ponzisaurus
ponzisaurus's picture

Guy down the street got a lawyer and got on disability.  A bit chunky but looked healthy to me.  His wife has a small business and she told me the disability pays the mortgage and her business pays the rest of their bills.

Thu, 05/30/2013 - 02:38 | Link to Comment q99x2
q99x2's picture

That's a lot of physically fit people wanting to make a point against banksters.

Thu, 05/30/2013 - 03:02 | Link to Comment DutchDude
DutchDude's picture

this is why Holland is doomed as well.

If you are a single mom in a rented house, you can get up to €1800,- net in social benefits...

That's about the same as someone will make with a college degree and two years experience due to heavy taxation here.

You see where this is going? Why work if it doesn't pay of enough? Holland has more austerity coming it's way (>=6bln) so that hás to mean more taxes because that's the only thing the coalition can agree on due to the socialist labour party's strong influence. There will be a lot of people in the middle class who will say; "f*ck it; i'm gonna go home and sit on the couch and collect social benefits...", --> more deficits --> more taxes etc etc

the next two years will be the wakeup call for northern Europe. Expect social unrest, even in Holland; people don't take this shit any longer...

Thu, 05/30/2013 - 04:36 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

eeerrrr...that will be "The Netherlands", right?

Or are you referring only to the region and former province in the western part of the Netherlands called Holland?

Yanks...?;o(

Thu, 05/30/2013 - 08:51 | Link to Comment DutchDude
DutchDude's picture

lol; i tried to make it obvious for the US readers.

But yes; that would be The Netherlands

;)

Thu, 05/30/2013 - 08:11 | Link to Comment eurobug
eurobug's picture

Same in Belgium. A friend of ours, mexican middle aged lady without any education, works her ass of for 1200 euro/month after taxes. She recently discovered that she could get 1100 per month collecting benefits. Her daughter recently got a baby, and has to pay a lot for daycare. Guess what happened, she babysits the baby now, collecting benefits, and they are all better off over all. But thats someone less to contribute, and someone more to collect. Me and my wife are thinking of her quitting her job as well, for the same reasons. Income will be slightly less, but our children will have a mom that available at all times (no daycare, no cleaning lady, ...). This is slowly strangeling the economy.

I agree that the coming years this entire thing will fall apart. Our previous minister of pensions predicted that in 2015 we will run out of money for pensions. At this rate, it will happen sooner. And while we and our friends will happily go back to work, there is a large percentage of the population that cannot/will not survive without benefits: Immigrants that do not speak any of the languages, never worked a single day in their live, but put 5 children on the world. We have about 2 million of those, in a country of 11 million. I'll leave you to guess their religion.

Thu, 05/30/2013 - 04:04 | Link to Comment pcrs
pcrs's picture

I also heard someone say who lived in Spain for a month that many young move in with their parents or work in the black/free market, so unemployment might be overstated.

Thu, 05/30/2013 - 07:09 | Link to Comment robochess
robochess's picture

There's actually only a herd of 5 bulls and 5 cows keeping all of the Spanish economy going. Generalissimo Francisco Franco is still dead.

Thu, 05/30/2013 - 07:17 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

If or when chaos breaks out in the US of A, when the trucks stop running, America stops dead in her tracks.... That includes tanks, various praetorian guards and even the 1%....

Thu, 05/30/2013 - 07:51 | Link to Comment Aegelis
Aegelis's picture

"Don’t cross the streams.
Why?
It would be bad.
I’m fuzzy on the whole good/bad thing. What do you mean, “bad”?
Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.
Total protonic reversal.
Right. That’s bad. Okay. All right. Important safety tip. Thanks, Egon."

Thu, 05/30/2013 - 08:06 | Link to Comment de3de8
de3de8's picture

Got ahold of some good stuff

Thu, 05/30/2013 - 09:04 | Link to Comment smacker
smacker's picture

Obviously, Welfare-a-plenty in socialist Europe provides multiple benefits:-

 

- a nice income for people who lose jobs under socialist governments; it buys their votes

- it buys votes of those who prefer Welfare instead of regular work

- it keeps the unemployed off the streets, at least for a considerable period of time.

 

A Win-Win-Win for socialism!

THAT it also bankrupts the treasuries of every European nation and forces taxes to rise on those still foolish enough to work - and of course "the rich" - is of little import to the elites and their bought and paid-for supporters. They can simply borrow & spend some more to bridge the gaps!

          {eyes rolling}

          "vote for socialism - you know it makes sense"

          {/eyes rolling}

Thu, 05/30/2013 - 11:59 | Link to Comment smacker
smacker's picture

 

When you study carefully the motives behind various social unrest events across Europe over the last several years - the summer 2011 riots in London, countless demos and riots in Greece, Spain, Italy & Portugal - it quickly becomes apparent that few of these people are demanding a return to good old fashioned free market economics. No way.

They have grown up in socialist democracies and they're demanding a restoration of everything socialist - generous Welfare benefits, rent paid, free education, followed by well-paid jobs created by or funded/subsidised by The Almighty State. It is of no interest to these people that such spending policies require raising taxes even more on those still working, and have already bankrupted their nation's treasuries.

-------------------------------------------------------------------------------------------

Dear "-1" - If you can provide credible evidence that the people taking part in civil unrest across the European countries listed are actually supportive of so-called 'austerity' and reduced Welfare programs etc - ie: govt spending cutbacks - I will eat my words. But I know you cannot do that.

That is not to say I do not feel sympathy for many of the people affected because I do. My comments were simply an observation of reality that Europe is a socialist dreamland/nightmare (depending on one's point of view) and what we see happening is the conseqeunce of it.

Thu, 05/30/2013 - 10:47 | Link to Comment monad
monad's picture

In the 30s there were a lot of unemployed German youth spawned by the welfare state produced by the previous. Disenfranchised, entitled and pissed, they contributed to the Nazi party which then rose to power, sucking the middle class dry, before killing the middle class and then the youth.

These clowns are bringing it.

Thu, 05/30/2013 - 14:25 | Link to Comment dunce
dunce's picture

Ay first glance at the charts i misread the time line, it was in months not weeks. Our standard was 26 weeks in normal times and under special stress was extended on occasion. Now i see that extended benefits are the norm in other countries despite overwhelming evidence that it is self reinforcing unemployment. This is the bread part of bread and circuses.

Fri, 05/31/2013 - 05:40 | Link to Comment The PolyCapitalist
The PolyCapitalist's picture

Earth to ZeroHedge: as has been noted before youth unemployment statistics in Europe are a mirage. Youth unemployment may in fact be higher in the U.S. than Europe. See here:

http://www.voxeu.org/article/youth-unemployment-europe-it-s-actually-wor...

 

http://www.project-syndicate.org/commentary/the-mirage-of-youth-unemployment-by-steven-hill

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

Do NOT follow this link or you will be banned from the site!