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Youth unemployment could tear Europe apart, warns WEF
Daily Telegraph (UK) ^ | 8:00AM GMT 15 Nov 2013 | Szu Ping Chan and Sam Dodge

Posted on 11/15/2013 11:27:25 PM PST by Olog-hai

A lost generation of jobless youth in the eurozone could tear the single currency apart if nothing is done to address chronic levels of unemployment, the World Economic Forum (WEF) has warned.

“There is a growing consensus on the fact that unless we address chronic joblessness, we will see an escalation in social unrest,” said S.D. Shibulal, chief executive of Infosys, who contributed to the WEF’s Global Agenda Report.

“People, particularly the youth, need to be productively employed, or we will witness rising crime rates, stagnating economies and the deterioration of our social fabric,” he added. …

(Excerpt) Read more at ...

TOPICS: Business/Economy; Foreign Affairs; News/Current Events; United Kingdom
KEYWORDS: beneficialcrisis; eurobanking; eussr; youthunemployment

1 posted on 11/15/2013 11:27:26 PM PST by Olog-hai
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To: Olog-hai

When I was in Crete last month, I noticed that a lot of jobs were held by Russians.

2 posted on 11/15/2013 11:31:07 PM PST by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: Cowboy Bob

Why would you work for less than the government will give you for not working. This is the problem with welfare states. Look at our Indian reservations if you want to see how it works out over a period of time.

3 posted on 11/16/2013 12:15:20 AM PST by fella ("As it was before Noah so shall it be again,")
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