Bloomberg View: Europe's Policymakers Idle on Youth Unemployment

Youth unemployment is a scourge that needs far more dramatic action from EU leaders
Illustration by Bloomberg View; Photographs by Getty Images

German Finance Minister Wolfgang Schäuble wasn’t exaggerating when he called youth unemployment a “catastrophe” for the European Union. As of March, 56 percent of Spaniards, 59 percent of Greeks, and 38 percent of Italians and Portuguese ages 16 to 24 were unemployed. Schäuble and French counterpart Pierre Moscovici are working on a “New Deal for Europe,” but it’s clear that Europe’s youth program is no such thing.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.