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EU Confronts Youth Unemployment Crisis
In Spain and in Greece, unemployment among under-25s is running at over 50 percent.
In Portugal, there are lines every day outside the Angolan and Brazilian consulates1, as job-seekers look for better fortunes in the country's former colonies.
It is a vicious downward spiral, says John Springford of the Center For European Reform policy group.
"When people have been out of work for a long time they tend to lose the skills that they have, they lose initiative, and also the social problems like drug and alcohol abuse can make them quite difficult to employ again," said Springford.
Meeting in Brussels Friday, EU leaders agreed to spend $7.8 billion over the next two years to tackle youth unemployment. Herman Van Rompuy is president of the European Council.
"We know that reforms take time and results won't be immediate2. So we're also concentrating on launching actions with direct impact. Fighting youth unemployment and helping3 SMEs [small and medium enterprises] access credit," said Van Rompuy.
There are about 5.6 million unemployed4 young people in Europe - and the money simply won't be enough, says economist5 John Springford.
"We're looking at about a thousand euros [$1,300] per person. And the thing that we know about youth unemployment is that when unemployment is high generally, then youth unemployment will be even higher. And so this kind of problem is best sorted out by macroeconomic policy rather than microeconomic tinkering," he said.
European commissioners6 have described this week as a good one for the EU - after a deal was clinched7 on a $1.25 trillion seven-year budget for the bloc8, ending months of argument between member states.
Croatia joins the European Union on July 1, while EU leaders agreed Friday to begin accession talks with Serbia no later than January next year. European Commission President Jose Manuel Barroso hailed the agreement.
"This is historic. Let's not forget what happened not so long ago in that part of Europe with one of the most violent wars we ever saw. And now we will start negotiations9 with Serbia," said Barroso.
Key to the accession process has been the Serbian government's willingness to negotiate, says James Ker-Lindsay of the London School of Economics.
"There has been a tremendous transformation10 that's taken place over the past year since the arrival of a new government which many people thought would be a step back. It had a reputation of being nationalist. But in actual fact it's made a whole range of moves, so most importantly on relations with Kosovo, which has been a very, very tricky11 subject since Kosovo declared independence in 2008," said Ker-Lindsay.
Meanwhile Latvia gained formal approval Friday to join the eurozone on January 1, 2014 - becoming the 18th country to use the currency.
1 consulates | |
n.领事馆( consulate的名词复数 ) | |
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2 immediate | |
adj.立即的;直接的,最接近的;紧靠的 | |
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3 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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4 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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5 economist | |
n.经济学家,经济专家,节俭的人 | |
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6 commissioners | |
n.专员( commissioner的名词复数 );长官;委员;政府部门的长官 | |
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7 clinched | |
v.(尤指两人)互相紧紧抱[扭]住( clinch的过去式和过去分词 );解决(争端、交易),达成(协议) | |
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8 bloc | |
n.集团;联盟 | |
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9 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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10 transformation | |
n.变化;改造;转变 | |
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11 tricky | |
adj.狡猾的,奸诈的;(工作等)棘手的,微妙的 | |
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