‘Bold action’ needed on Europe unemployment: Report

CNBC ^ | 05 September 2014 | Katy Barnato

[Lorianne]

European employment targets are "unrealistic" and "bold action" is needed to boost job creation, according to a report published by the Ambrosetti Forum ahead of the open of its international economics conference.

About 5.6 million jobs have been lost across the 28 countries that belong to the European Union (EU) since the global financial crisis of 2008, Ambrosetti's economists say.

"The economic crisis produced growing unemployment levels in the EU, which now requires bold action from policymakers to boost labor demand as well as to implement labor market structural reforms," the economists wrote in their "Labor market scenario in Europe" report.

Unemployment averaged 10.3 percent across the EU in July—the same as in June. Nearly one-quarter (24.5 percent) of Spaniards were unemployed during the month, along with 12.6 percent of Italians and 11.5 percent of Irish citizens.

[Opinionated Blowhard]

Finland has pioneered a soon-to-be-EU-wide program designed to ensure all young people receive a job, traineeship or education offer within four months of leaving compulsory education or becoming unemployed. The EU has allocated 21 billion euros ($27.6 billion) per year to implement the program in other countries.

There you go. Simply have the government guarantee everyone a job and spending billions to ensure that it happens. Problem solved!!!! Why didn't anyone think of this before?? Unemployment will now be zero.

[Huskrrrr]

Redistribution of wealth, version 1,066.

[Norm Lenhart]

Bad idea. The correct solution is to import a few million muslims to do the work the Euros won’t do.

THAT is how you fix a stagnant economy. Ask Barry.

[PistolPaknMama]

Simply have the government guarantee everyone a job and spending billions to ensure that it happens.

We spend billions on people who won't work and contribute nothing. I'd rather turn welfare into jobs. At least people would be busy instead of loitering around the hood all day.

[MasterGunner01]

Go to war against Islam and I guarantee your EU recession will be a thing of the past. Deport your Muslim fifth columnists and ship them home. Strike al-Qaeda, ISIS or ISIL or IS, the Muslim Brotherhood, and other terror groups. No Mr. Nice Guy; kill ‘em all, blow up their mosques, and terminate their Imams.

[arthurus]

Modify Jonathan Swift’s proposed solution to the Irish problem. It would improve two statistics in one bite.

[arthurus]

Don’t ship them home to add to the Army of Allah the Moon God. Put them in rowboats somewhere in the middle of the Atlantic and let them get themselves home.

[RetiredTexasVet]

You think raising the minimum wage to 15 Euros an hour will help?

[pas]

Just hire Obama’s unemployment number crunchers. Things will look up in no time.

[Caipirabob]

Socialism is destroying the economy... Quick! More socialism!...