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Europe's Peak Youth Unemployment Gets Peak-er

Tyler Durden's picture




 

Despite a ratings 'upgrade' Spain's youth unemployment rate has re-surged to a record 57.4% (just below that of Greece which still tops the scary chart list at 58%). Italy and Portugal also saw notable rises (despite the former's record low short-dated bond yields) at 41.2% and 36.5% respectively. Ireland and France saw modest improvements but overall the Euro-zone's youth unemployment just keeps rising. In spite of all the rhetoric from Merkel, Van Rompuy, and Barroso, 24.4% of Europe's under-25 population is unemployed...

 

 

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Fri, 11/29/2013 - 11:15 | 4199415 Big Johnson
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I don't see a war on the ass end of this.

Fri, 11/29/2013 - 11:22 | 4199438 slaughterer
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Maybe PIIGS youth have better things to do than work.  

Fri, 11/29/2013 - 11:37 | 4199493 Peter Pan
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And keep in mind that the graph does not take into account the large numbers of young people who have left Europe.

Fri, 11/29/2013 - 12:02 | 4199560 SamAdams
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A good time to review the game plan: http://www.helpfreetheearth.com/news319_protocols.html

Regardless who wrote it and the vehement attmepts to discredit, the document clearly explains the despotic attack on America and its Bill of Rights.  Note this was written before the Federal Reserve came into being.

Fri, 11/29/2013 - 12:03 | 4199574 BKbroiler
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umm.. about the article, these are only jobs with income people are being taxed on.  Most jobs in the PIIGS region for young people are cash in hand.  Even adults barely stay on the books if their employer can help it.

Fri, 11/29/2013 - 14:13 | 4199984 nemesis2012
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                     yEAH LIKE BANG YO MAMA,,,,,,,,,,,,,,,,,,

Fri, 11/29/2013 - 15:39 | 4200238 thisandthat
thisandthat's picture

Maybe everyone should have better things to do than work - the moment you can't get your toilet working, your life priorities will quickly change and becoming richer and richer on the workers' backs won't at the top of your list.

Fri, 11/29/2013 - 11:20 | 4199434 TheRideNeverEnds
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Super Bullish!!

 

(We are going to need a bigger helicopter)

Fri, 11/29/2013 - 13:09 | 4199783 Oracle 911
Oracle 911's picture

Agreed, so much recovery. /sarc

Fri, 11/29/2013 - 11:22 | 4199441 Wyatt Junker
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They were called the Hitler youth for a reason.   And that was debt imposed upon the Germans also.

Fri, 11/29/2013 - 13:19 | 4199821 Colonel Klink
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Actually the Hitler youth was created because a large portion of the general male fighting population had already been tapped.  That and Hitler elderly just didn't seem to have quite the same scary ring.

Much easier to brainwash the young than the old.  I'm done with the brainwashing, I'm so old I've moved onto the braindrying.

Fri, 11/29/2013 - 16:23 | 4200345 prmths2
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The Hitler youth was created in the early 1920's with a long-range plan of indoctrination. It was during WWII that expedient measures (e.g.,handing a 14-year old a panzerfaust and sending him out to meet the Russians) were adopted.

Fri, 11/29/2013 - 17:11 | 4200454 Colonel Klink
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Hitler came to power in 1933 so it wouldn't have been know as "Hitler youth" at its inception.

http://en.wikipedia.org/wiki/Hitler_Youth

Sat, 11/30/2013 - 05:01 | 4201548 prmths2
prmths2's picture

Hitler did not have to be in power to have the youth organization named after him, he simply had  to have enough fervent admirers that believed in him. His popularity and the intensity of devotion of many of his followers preceded his rise to power. It appears that the name was applied to a first incarnation in 1922 and to a second in 1926.

The link you  posted states that the Hitler-Jugend was named in 1926: 

After a short power struggle with a rival organization—Gerhard Roßbach's Schilljugend—Gruber prevailed and his "Greater German Youth Movement" became the Nazi Party's official youth organization. In July 1926, it was renamed Hitler-Jugend, Bund deutscher Arbeiterjugend ("Hitler Youth, League of German Worker Youth") and, for the first time, officially became an integral part of the Sturmabteilung. The name Hitler-Jugend was taken up on the suggestion of Hans Severus Ziegler.[3]

By 1930, the Hitler-Jugend had enlisted over 25,000 boys aged 14 and upwards. It also set up a junior branch, the Deutsches Jungvolk, for boys aged 10 to 14. Girls from 10 to 18 were given their own parallel organisation, the Bund Deutscher Mädel (BDM), League of German Girls.

From http://www.hj-research.com/forum/f46/jungsturm-adolf-hitler-536/:  "The first attempt to create a youth section within the NSDAP was the short-lived Jugendbund der NSDAP. The initial impulse came from Adolf Lenk, a piano maker from Munich who had joined the NSDAP aged 18 in 1921. He began to recruit boys aged between 14 and 18 for his 'Jungsturm Adolf Hitler' and whilst attending a meeting in early 1922 at which Hitler was present he he suggested that his organisation might become the party's youth section."

 

 

 

Fri, 11/29/2013 - 11:22 | 4199444 IridiumRebel
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So docile, so accepting of the shit sandwich....

Fri, 11/29/2013 - 11:33 | 4199480 I am Jobe
I am Jobe's picture

Amerika is leading. Just don't report  this and all is well. 

More Lipstick is needed. 

Fri, 11/29/2013 - 11:45 | 4199512 Reaper
Reaper's picture

As the present employed age, die or retire, who'll be employed or skilled enough to produce the wealth to spread and pay the taxes? Less produced divided among more takers is the future utopia of the European central planners.

Fri, 11/29/2013 - 12:44 | 4199722 starman
starman's picture

When your pansion is not enough to retire you're forced to stay in the work force. Thus leaving no jobs left for the young to be workforce. Coming to a town near you.

Fri, 11/29/2013 - 13:15 | 4199807 Colonel Klink
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Bet the price of prostitutes in Spain has dropped due to oversupply!

Fri, 11/29/2013 - 14:14 | 4199991 Colonel Klink
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Guarantee my down voter isn't Berlusconi!

Fri, 11/29/2013 - 13:47 | 4199924 A Cruel Accountant
A Cruel Accountant's picture

Guess who does not have a min wage?

Fri, 11/29/2013 - 14:42 | 4200075 Colonel Klink
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Guess who doesn't have a maximum wage......THIEVING CENTRAL BANKERS!

Fri, 11/29/2013 - 15:22 | 4200200 thisandthat
thisandthat's picture

Guess who no longer going to not have a minimum wage?

Fri, 11/29/2013 - 16:16 | 4200327 A Cruel Accountant
A Cruel Accountant's picture

I guess they want to increase unemployement so they are even with the rest of Europe?

Fri, 11/29/2013 - 20:29 | 4200825 thisandthat
thisandthat's picture

Guess they just got tired of CEOs getting literal millions and not giving a crap about workers, while they get pennies.

Just yesterday I saw a piece on Deutsch Welle, of all channels, about the (doctored)  inequality report ZH mentioned a while ago. When you have German citizens migrating to Switzerland, etc. (and not just the middle aged, elderly, but also 20somethings), and saying they won't be back because there's no place for them in Germany, something's got to be rotten in that kingdom.

Fri, 11/29/2013 - 14:23 | 4200021 nemesis2012
nemesis2012's picture

                       The biggest pig soon to be ,,,,,,,,,,,,,,,is,,,,,,,,,,,,,,,,, guess who boys and girls..............you guessed............................ it the U S of AAAAAAAA!!!!!!!!!!!!!!  Now get back to your holiday shopping.  Oh by the way, China will no longer be stashing dollars- wow, now that's interesting.

Fri, 11/29/2013 - 19:38 | 4200717 suicidalpsychologist
suicidalpsychologist's picture

wouldnt be surprised if the real unoficial numbers are closer to 40% of european youth unemployed. Maybe even more. These numbers are complete bullshit all it takes to realize it are functioning eyes.

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