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This Is Europe's Scariest Chart

Tyler Durden's picture




 

Surging Greek and Portuguese bond yields? Plunging Italian bank stocks? The projected GDP of the Eurozone? In the grand scheme of things, while certainly disturbing, none of these data points actually tell us much about the secular shift within European society, and certainly are nothing that couldn't be fixed if the ECB were to gamble with hyperinflation and print an inordinate amount of fiat units diluting the capital base even further. No: the one chart that truly captures the latent fear behind the scenes in Europe is that showing youth unemployment in the continent's troubled countries (and frankly everywhere else). Because the last thing Europe needs is a discontented, disenfranchised, and devoid of hope youth roving the streets with nothing to do, easily susceptible to extremist and xenophobic tendencies: after all, it must be "someone's" fault that there are no job opportunities for anyone. Below we present the youth (16-24) unemployment in three select European countries (and the general Eurozone as a reference point). Some may be surprised to learn that while Portugal, and Greece, are quite bad, at 30.7% and 46.6% respectively, it is Spain where the youth unemployment pain is most acute: at 51.4%, more than half of the youth eligible for work does not have a job! Because the real question is if there is no hope for tomorrow, what is the opportunity cost of doing something stupid and quite irrational today?

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Mon, 01/30/2012 - 14:58 | 2110379 Banjo
Banjo's picture

You SEE? This is what happens when governments cut spending too much and too fast. The European economies are collapsing into the void that was once filled by essential government services. Europe demands FREE education, FREE healthcare, more desirable working conditions, remuneration and benefits packages. This is the beginning of the progressive revolution. We need to give power back to the people by allowing the government to distribute resources as they see fit.

 

Your facade is beginning to crack. Not only that it is clear your undestanding of economics is cursory, limited only to the noisy exchanges on TV, that fit into 30 second bites made for the lowest common denominator.

If you are the pompus tool that you appear to be my only desire is that somehow you experience some event that brings you down to earth somewhat. Note this event may be non financial for example losing a loved one generally gives people a reality check.

Mon, 01/30/2012 - 15:52 | 2110556 Chump
Chump's picture

He is a satire troll.  Relax with The Man Himself.

http://www.youtube.com/watch?v=gzNZEUoLYL4

Mon, 01/30/2012 - 20:16 | 2111307 Chump
Chump's picture

Wow, I thought ZH had taste!  Only one green arrow, really, considering the subject is one of the greatest American musical geniuses...ever?  You don't have to be a banjo picker to appreciate the man that is Earl Scruggs.

http://www.youtube.com/watch?v=AJOIqmlI65Y

Mon, 01/30/2012 - 15:47 | 2110538 Struan
Struan's picture

War is peace!

Mon, 01/30/2012 - 16:46 | 2110787 smb12321
smb12321's picture

The reason Europeans don't get to live beyond their means forever (free everything)  is the ancient law - you can't forever spend more than you make. Redistribution is as old as society and the result is always the same:  Smart, creative and hardworking individuals get ahead.  Lenders have concluded that the EU with its declining, dispirited citizenry will never "grow" itself out of recession while consuming more than they produce. 

Yes, austerity is a vicious whirlpool but what is the alternative?  Printing money, confiscating wealth, changing the social system? Chances are 100-1 that given the power, governments will distribute wealth to its supporters (thus building another overclass).

Tue, 01/31/2012 - 11:43 | 2112789 snakeboat
snakeboat's picture

Bravissimo, MDB

Fri, 03/16/2012 - 14:49 | 2262796 MeelionDollerBogus
MeelionDollerBogus's picture

argh

no

NO

up-voted.

provided it's a government by the people & not the banks I feel compelled to agree.

Of course right now it's being taken over by the unelected banksters but my vote is cast

Mon, 01/30/2012 - 13:12 | 2109880 The Big Ching-aso
The Big Ching-aso's picture

 

 

"....what is the opportunity cost of doing something stupid and quite irrational today?"

 

"Three hots and a cot if you don't get shot."

RapperZ

Mon, 01/30/2012 - 12:47 | 2109888 TruthInSunshine
TruthInSunshine's picture

Fractional Reserve cental bankers were heard remarking "[w]e plan on addressing that legitimate & serious issue by printing as much cake as is required to ameliorate their hunger pangs," anytime this subject arose in conversation at Davos 2012*.

William Dudley was said to be so concerned that he was heard by officials who wish to remain anonymous as stating that he plans on personally visiting Tim Cook to insist that the ipad3 be fortified with osmotically absorbed vitamins and essential minerals.

 

*Sponsored by The Rothschild Group.


Mon, 01/30/2012 - 12:42 | 2109897 Buckaroo Banzai
Buckaroo Banzai's picture

Don't Spanish youth smoke heroic amounts of marijuana and hashish? And are sexually quite promiscuous? And party a lot in general? And live at home so they don't have to worry about food and shelter?

How many of that 51% are actually, REALLY, looking for work?

Tough to make time for violent protest in between late-night clubbing, tokes off the hash-pipe, and BJs from your girlfriend.

Mon, 01/30/2012 - 13:11 | 2110030 blindfaith
blindfaith's picture

 

 

Suggest you trundle off to Spain and state that in public around some of those worthless youths you seem to know so well.

Shame on you for being so un-christian in eveyway I can think of. 

Thou shal not lie.  Thou shal not bear false witness. How does that work for you?

All these up arrows you have gotten is truly shocking.

Mon, 01/30/2012 - 13:57 | 2110204 Idisq
Idisq's picture

stfu with your religious bullshit please...

Mon, 01/30/2012 - 15:45 | 2110509 _ConanTheLibert...
_ConanTheLibertarian_'s picture

I'm sure the average IQ on ZH is higher than 100. This should mean that the percentage of religious folks here should be lower than average, since there's an inverse relationship between intelligence and being religious. So let's see if this shows up in your up/down votes. "Blindfaith" is doing allright.

Oh, and you guessed right I'm not religious. Else I wouldn't come up with this. Religious people don't like facts do they. Bunch of hypocrits.

 

Mon, 01/30/2012 - 23:03 | 2111694 StychoKiller
StychoKiller's picture

So, do something Intelligent then, alleviate some suffering: http://www.worldvision.org

Mon, 01/30/2012 - 14:27 | 2110302 cranky-old-geezer
cranky-old-geezer's picture

 

 

The lowest depts of hell are reserved for "Christians".

Mon, 01/30/2012 - 14:40 | 2110335 oddjob
oddjob's picture

and at the bottom of that pile are the methodists.

Mon, 01/30/2012 - 17:58 | 2111048 HungrySeagull
HungrySeagull's picture

And serving the furnaces below that are the Catholics.

Mon, 01/30/2012 - 14:53 | 2110368 Buckaroo Banzai
Buckaroo Banzai's picture

Did you happen to notice that my entire post was phrased as a series of questions? I was stating my impression, based on what I know about spanish culture and the habits of spanish youth. Yes, I have been to Spain.

If you have some real information to share, why don't you do so, instead of making ad hominem attacks?

Mon, 01/30/2012 - 13:19 | 2110072 NotApplicable
NotApplicable's picture

So... tell me more about your girlfriend.

Mon, 01/30/2012 - 13:22 | 2110081 Oracle of Kypseli
Oracle of Kypseli's picture

While this is going on not only in Spain but almost everywhere, the household balance sheets are mostly negative and falling rapidly.

Just a few more straws and it will all come down. My next move after the Apple euphoria is to heavily short the stock in May. When it does come down, it hapens during the weekend and reacting is almost impossible.

I have sold all my stocks, but I am shorting some, while accumulating physical PM's

 

Mon, 01/30/2012 - 13:24 | 2110082 Ignorance is bliss
Ignorance is bliss's picture

Sounds great...I'm moving to Spain. Feel free to increase the unemployment % after my arrival.

Mon, 01/30/2012 - 16:36 | 2110729 Don Diego
Don Diego's picture

we don't want white people in Spain, just black/muslims/amerindians.

PS: we can make an exeption if you are gay/seriously disabled/have an exotic disease.

Mon, 01/30/2012 - 16:51 | 2110804 Turgid_Member
Turgid_Member's picture

Sounds like Frank, Dodd and Pelosi's dream society.
Except it would immediately depopulated itself.  After they
killed the gays and seriously disabled the blacks and
muslims would start killing each other.
Long live Darwin.

Mon, 01/30/2012 - 13:24 | 2110088 economics1996
economics1996's picture

You mean fat, lazy, Americans can get laid in Spain?

Mon, 01/30/2012 - 13:52 | 2110187 Totin
Totin's picture

"You mean fat, lazy, Americans can get laid in Spain?"

When you're competing against fat, lazy, unemployed Spaniards it ain't too difficult.

Mon, 01/30/2012 - 13:26 | 2110095 foxenburg
foxenburg's picture

What an infantile post. Your febrile imagination running wild on hash pipes and BJs fails to take into account the simple fact that there is no work available in Spain. None at all. The only reason there isn't rioting on the streets is because the Spanish do have a strong family ethic and tend to look after one another, with a particular sense of responsibility towards the aged -  currently in reverse mode as the elderly are looking after their unemployed grandchildren. I haven't seen any tent cities in Spain yet; people  have a strong connection to the land and most have a family member or friend who can help out with home grown food. I enjoy your cartoons; it's disappointing to realise there's a lightweight mind behind the hand. 

Mon, 01/30/2012 - 13:31 | 2110108 RichardENixon
RichardENixon's picture

You're confusing this guy with WilliamBanzai, he does the cartoons.

Mon, 01/30/2012 - 13:46 | 2110160 AnAnonymous
AnAnonymous's picture

Priceless.

Mon, 01/30/2012 - 13:55 | 2110195 foxenburg
foxenburg's picture

All these fucking Japs are the same.

Mon, 01/30/2012 - 18:03 | 2111061 Buckaroo Banzai
Buckaroo Banzai's picture

Enjoy my cartoons? Hey guess what! You're a fucking idiot.

Sat, 03/10/2012 - 20:08 | 2243910 RafterManFMJ
RafterManFMJ's picture

 

I'd rather be an idiot fucking. 

Mon, 01/30/2012 - 14:15 | 2110267 koperniuk666
koperniuk666's picture

I was in La Linea - a shithole in Spain- last week -

Masses of  (mainly brown) youths wandering around looking for trouble - no street lighting because the local town council is bankrupt and and cannot afford to pay the bills.

The only people with jobs are

a) local govt employees who are currently getting half pay and

b) the 20,000 people who commute across to Gibraltar ( a British territory) each day to work as bar staff.

Spain is a  scary dump .

In contrast to Italy ( where I was today).

The trains are on strike, the taxis are on strike, shops are empty, gas stations empty - I could go on. ( Oh the earthquake didnt help much!!!)

The EZ is fucked up. 

Our Euro leaders (All Cunts) dont get to visit La Linea or Savona much ( no 6 star hotels) - that's why they are so out of touch with the people who they are supposed to represent.

Mon, 01/30/2012 - 16:48 | 2110797 Don Diego
Don Diego's picture

The successes of soccer clubs Barcelona and Real Madrid and in tennis/basketball and other sports have also an anesthesic effect on youth.

Mon, 01/30/2012 - 14:43 | 2110346 RafterManFMJ
RafterManFMJ's picture

 

 

I'm sold Buckaroo! Off to book my trip to Spain.

Thu, 03/08/2012 - 08:28 | 2235381 l.hauri
l.hauri's picture

you should visit Croatia. It is an amazing place. You will be impressed! yacht charter dubrovnik | yacht charter split | yacht charter biograd

Tue, 07/17/2012 - 10:56 | 2624221 betaone
betaone's picture

Why what could it possibly have? Greece should have never been in the Eu, thats the truth of the matter. They have always been a risk to the Europeon union and will contiune to be one for the forseeable future. I'm glad the UK are not heavily involved but I still think that Europe will pay the price for Greece. Bail out after bail out it seems it will never end, then what? they will just default.. I read you stuff all over the net, nice job Tech Guy @ payday loans

Mon, 01/30/2012 - 16:34 | 2110734 sodazed
sodazed's picture
  • No and generally don't drink to excess much either -- they're give wine with meals at an early age
  • No. They become aware of their sexuality quite early but promiscuity isn't an issue
  • Yes but more at organised social gatherings (the village were I used to live had a social club for young adults were they would have social gatherings -- playing cards/ darts etc. Noisy but basically harmless and no yobbish antisocial behaviour
  • They have very strong family bonds and tend to live with their parents until married
  • Who knows how many are REALLY looking for work though it should be noted that there's not much work to come by since the construction bubble burst

I have, however, noticed a marked increase in young Spaniards begging outside of supermarkets though at least they're not resorting to crime in this area ... yet.

Mon, 01/30/2012 - 16:37 | 2110749 sodazed
sodazed's picture
  • No and generally don't drink to excess much either -- they're give wine with meals at an early age
  • No. They become aware of their sexuality quite early but promiscuity isn't an issue
  • Yes but more at organised social gatherings (the village were I used to live had a social club for young adults were they would have social gatherings -- playing cards/ darts etc. Noisy but basically harmless and no yobbish antisocial behaviour
  • They have very strong family bonds and tend to live with their parents until married
  • Who knows how many are REALLY looking for work though it should be noted that there's not much work to come by since the construction bubble burst

I have, however, noticed a marked increase in young Spaniards begging outside of supermarkets though at least they're not resorting to crime in this area ... yet.

Mon, 01/30/2012 - 12:40 | 2109886 Chump
Chump's picture

They won't discriminate, believe it.  If you have a house and a car you will be a 1%er.

Mon, 01/30/2012 - 14:16 | 2110270 koperniuk666
koperniuk666's picture

and yet it is NOT the 1pc who are to blame for this mess.

Mon, 01/30/2012 - 14:57 | 2110378 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

it's the .000001%

Mon, 01/30/2012 - 12:44 | 2109909 LawsofPhysics
LawsofPhysics's picture

This is good question, but you presume that they actually know where these "neighborhoods" are.  The two venture capital guys I know employ former military experts and locals to "care" for their properties in Barbados.  Wake the fuck up dude.  Come within a half mile of these plantations and you won't see the infrared beam that tags you a millisecond before you die.

Nature makes NO promises regarding anyone's survival.  Vandalism is a waste of energy and does nothing more than target you for elimination.  The Smart ones will make the right alliences and move forward from there. Random chaos plays right into TPTB and insures the status quo.  Same as it ever was.

Mon, 01/30/2012 - 12:56 | 2109959 GeneMarchbanks
GeneMarchbanks's picture

'Nature makes NO promises regarding anyone's survival.'

Are you a Kalahari Bushman?

Just sayin'

Mon, 01/30/2012 - 13:02 | 2109992 Bartanist
Bartanist's picture

It is only fair that the 1% live in perpetual fear. It is what they are foisting upon the rest of the world, through their war of terror on the 99%. There should be a war on terror, only the target and souce has been misidentified... oops.

Yes, I think that with time it will be clear that taking out ones frustrations through vandalism only serves those who want to enslave the world. The answer is more than likely to give them total control, but no cooperation... and let them see how many of the rest of the world they can murder ... just put into the open what is already happening covertly... and have no fear.

Can they emprison, starve or murder 6.8 billion people? It seems that they want to try. The more they kill, the more they will be isolated and the less cooperation they will find (it is already happening and it has only started). Right now some of the older folks still believe the propaganda and lies, but that is also changing.

Mon, 01/30/2012 - 13:09 | 2110005 LawsofPhysics
LawsofPhysics's picture

"Can they emprison, starve or murder 6.8 billion people? "

 

6.8 billion people have already imprisoned themselves and many are already starving, wake the fuck up.  "They" don't have to do anything when so many are willing to kill each other anyway, and Nature will take care of the rest.  Again, wake the fuck up.

Mon, 01/30/2012 - 13:16 | 2110055 Bartanist
Bartanist's picture

Semantics ... of course the fiat economic system is virulent form of slavery and if slavery is your definition of emprisonment then we are in 100% agreement.

... roughly 20,000 people starve to death each day, most of them children. Still, the population grows.

In my case I was referring to the physical act of putting into cell blocks or executing someone. It takes more effort than the current form of slavery ... and if they are happy with the level of control through economic "emprisonment" and people are satisfued with their fiat chains then there is an equilibrium. I just do not think that we are at equilibrium, vandalism is no solution and executing the elitists is not an option for me either (but it might be for others).

Mon, 01/30/2012 - 13:48 | 2110167 LawsofPhysics
LawsofPhysics's picture

Fair enough.  The sooner in life one recognizes that they are guaranteed nothing, the sooner they are free to "choose" their own slavery.  Be it by debt or physical and/or mental chains.  No one on this planet is debt-free, period.  If you don't like the idea of people executing each other then your actions should work towards making sure certain human animals do not have the means to do so.

The challenges we all face will not define us, in the end, it is how we overcome them that matters.

Tue, 01/31/2012 - 21:00 | 2114976 WolfePaq
WolfePaq's picture

 

"The challenges we all face will not define us, in the end, it is how we overcome them that matters."

Dang LP, that is some Sage advice!

Mon, 01/30/2012 - 13:49 | 2110174 AnAnonymous
AnAnonymous's picture

Vandalism did not help the Vandals.

Mon, 01/30/2012 - 14:34 | 2110325 Ropingdown
Ropingdown's picture

Of course vandalism helped the Vandals.  They have progeny across much of Europe. They're more famous than any rap star, and live on in history for the foot-loose party culture they pursued.

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