SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
(Photo: alf.melin via Flickr / Creative Commons License)
Eurozone Youth Face Unemployment Catastrophe
Nearly 60% of Greek youth unemployed while Eurozone continues to struggle
Apr 02, 2013
Youth unemployment hit nearly 60% in Greece in February, according to new figures published on Tuesday by the Eurostat statistics agency, revealing widespread job losses across the Eurozone as austerity wreaks a "cycle of decline."
Additionally, Eurostat said February unemployment for youth workers (under 25) hit 55.7% in Spain, 38.2% in Portugal and 37.8% in Italy, following Greece's 58.4%
Overall unemployment in the Eurozone, broke previous records at 12%.
The number of people out of work in the region reached a total of 19.07 million.
Eurostat stated that the overall rate had "risen markedly" compared with February 2012, when it was 10.9%.
Greece and Spain, among the countries hit hardest by the Eurozone crisis, have in turn seen the most extreme austerity measures imposed by the Troika.
When compared to less austerity strained countries, the country with the lowest unemployment was Austria at 4.8%. Germany's rate was 5.4% and Luxembourg's 5.5%. Overall unemployment in Greece stands at 26.2%, Spain 26.3%, and Portugal 17.5%.
As BBC News reports Tuesday, there appears to be a growing understanding that austerity policies have forced several countries into a "cycle of decline."
French President Francois Hollande conceded this week that "sticking with austerity would condemn Europe not just to recession but an explosion."
_______________________
And so it begins...
Political revenge. Mass deportations. Project 2025. Unfathomable corruption. Attacks on Social Security, Medicare, and Medicaid. Pardons for insurrectionists. An all-out assault on democracy. Republicans in Congress are scrambling to give Trump broad new powers to strip the tax-exempt status of any nonprofit he doesn’t like by declaring it a “terrorist-supporting organization.” Trump has already begun filing lawsuits against news outlets that criticize him. At Common Dreams, we won’t back down, but we must get ready for whatever Trump and his thugs throw at us. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. By donating today, please help us fight the dangers of a second Trump presidency. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Jacob Chamberlain
Jacob Chamberlain is a former staff writer for Common Dreams. His website is www.jacobpchamberlain.com.
Youth unemployment hit nearly 60% in Greece in February, according to new figures published on Tuesday by the Eurostat statistics agency, revealing widespread job losses across the Eurozone as austerity wreaks a "cycle of decline."
Additionally, Eurostat said February unemployment for youth workers (under 25) hit 55.7% in Spain, 38.2% in Portugal and 37.8% in Italy, following Greece's 58.4%
Overall unemployment in the Eurozone, broke previous records at 12%.
The number of people out of work in the region reached a total of 19.07 million.
Eurostat stated that the overall rate had "risen markedly" compared with February 2012, when it was 10.9%.
Greece and Spain, among the countries hit hardest by the Eurozone crisis, have in turn seen the most extreme austerity measures imposed by the Troika.
When compared to less austerity strained countries, the country with the lowest unemployment was Austria at 4.8%. Germany's rate was 5.4% and Luxembourg's 5.5%. Overall unemployment in Greece stands at 26.2%, Spain 26.3%, and Portugal 17.5%.
As BBC News reports Tuesday, there appears to be a growing understanding that austerity policies have forced several countries into a "cycle of decline."
French President Francois Hollande conceded this week that "sticking with austerity would condemn Europe not just to recession but an explosion."
_______________________
Jacob Chamberlain
Jacob Chamberlain is a former staff writer for Common Dreams. His website is www.jacobpchamberlain.com.
Youth unemployment hit nearly 60% in Greece in February, according to new figures published on Tuesday by the Eurostat statistics agency, revealing widespread job losses across the Eurozone as austerity wreaks a "cycle of decline."
Additionally, Eurostat said February unemployment for youth workers (under 25) hit 55.7% in Spain, 38.2% in Portugal and 37.8% in Italy, following Greece's 58.4%
Overall unemployment in the Eurozone, broke previous records at 12%.
The number of people out of work in the region reached a total of 19.07 million.
Eurostat stated that the overall rate had "risen markedly" compared with February 2012, when it was 10.9%.
Greece and Spain, among the countries hit hardest by the Eurozone crisis, have in turn seen the most extreme austerity measures imposed by the Troika.
When compared to less austerity strained countries, the country with the lowest unemployment was Austria at 4.8%. Germany's rate was 5.4% and Luxembourg's 5.5%. Overall unemployment in Greece stands at 26.2%, Spain 26.3%, and Portugal 17.5%.
As BBC News reports Tuesday, there appears to be a growing understanding that austerity policies have forced several countries into a "cycle of decline."
French President Francois Hollande conceded this week that "sticking with austerity would condemn Europe not just to recession but an explosion."
_______________________
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.