Bloomberg View: Europe's Policymakers Idle on Youth Unemployment
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.
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