A “New Deal” for Europe’s youth? Er…

posted at 5:01 pm on May 27, 2013 by Erika Johnsen

The youth unemployment situation across much of Europe is bleak, to say the least; young people in Greece are unemployed at a rate that just shot past 60 percent, while more than half of Spain’s young people are jobless and more than 40 percent are jobless in both Ireland and Portugal. These kinds of numbers mean that young people are being increasingly thwarted in trying to start their careers and develop the skills they’ll need to survive and thrive for the rest of their lives, which in turn stunts the European economies’ prospects for getting back to a healthy long-term outlook. It’s quickly turning into a vicious and self-perpetuating cycle, and the problem has not gone unnoticed by Europe’s oh-so-august financial ministers — who have lately been cooking up a plan to try and get young people back in the game.

The “New Deal for Europe” will free up EU resources to pay for language courses and fund jobseekers’ flights around the continent in search of work. …

Carsten Brzeski, senior economist at ING Group in Brussels, said: “Merkel and Schaeuble know very well that the future of the euro is not just decided in Brussels or Berlin, but on the streets of Madrid, Athens and so on.”

“High youth unemployment combined with hatred for Germany can turn into populism and nationalism quite quickly and, in the extreme case, lead to an end of the currency union.”

Under the plans, finance from the European Investment Bank will be made available to encourage job creation at small and medium sized businesses. …

Said German Chancellor Merkel on the matter:

German Chancellor Angela Merkel said the tally of unemployed youth in Europe has climbed to an “unimaginable” level that requires urgent action, including spending trade bloc cash effectively to create jobs.

Addressing a congress of her Christian Democrats in the city of Muenster, Merkel said Germany is co-leading efforts with partners to assess how best to spend 6 billion euros ($7.7 billion) in European Union allocations after youth unemployment grew more than 50 percent in several countries.

So… the solution to a bloc of countries who for years have been trying to centrally plan and hitch together their economies while individually ramping up public spending to cataclysmically irresponsible levels and subsequently inflicting deed-seated damage on said economies… really just sounds like still more central planning and public spending. Awesome.

This doesn’t sound much different than what President Obama is constantly proposing with his new quick-fix spending ideas and government initiatives; ‘keeping student loans interest rates artificially low’ and ‘more money for public-sector jobs’ and whatnot all sound like lovely temporary band-aids to keep young people appeased, but they are all approaches that attempt to mask the symptoms instead of the fixing the disease — and that disease too-big governments that do too much taxing, spending, and regulating to allow free-market opportunities to flourish.


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Anything to keep the young skullomushes voting for more government is the goal.

Corporal Tunnel on May 27, 2013 at 5:07 PM

…coming to America!

KOOLAID2 on May 27, 2013 at 5:08 PM

Oh… and… Bishop! Did I do it right?

Corporal Tunnel on May 27, 2013 at 5:08 PM

They got nothin’. No ideas. No imagination. No progress. Just tired, old statism.

BKeyser on May 27, 2013 at 5:11 PM

A pretty vague article.
No explanation of who these European “youth” are or if they are natives or foreigners.
Also no explanation of if they also can live on govt. subsidies that are more lucrative than actually working.
If sitting on your couch pays better than a job then who would choose to work…?

NeoKong on May 27, 2013 at 5:12 PM

This is the same path American liberals have been following for decades. Europe’s failures won’t deter them, either.

Liam on May 27, 2013 at 5:13 PM

Oh… and… Bishop! Did I do it right?

Corporal Tunnel on May 27, 2013 at 5:08 PM

…yes!…and,it was nice knowing you…and your soon to be “skullomush”!

KOOLAID2 on May 27, 2013 at 5:14 PM

Because these massive government programs have worked so well in the past.

/Geez, do these idiots not read history?

AZfederalist on May 27, 2013 at 5:16 PM

No explanation of who these European “youth” are or if they are natives or foreigners.

NeoKong on May 27, 2013 at 5:12 PM

Interesting point. I question the timing of this announcement it being just right after the Woolwich slaying. When Euros talk about ‘youth’, they often mean young Muslims. Would it be a stretch to suggest that European leaders think that the unrest, constant rioting and occasional beheadings be solved just by giving jobs to these ‘youth’ in order to placate their barbaric tendencies?

Sounds like a typical left-wing thought process.

Corporal Tunnel on May 27, 2013 at 5:18 PM

Was a 5 year plan too obvious?

trubble on May 27, 2013 at 5:19 PM

Oh… and… Bishop! Did I do it right?

Corporal Tunnel on May 27, 2013 at 5:08 PM

The law states that you have to exercise your Bishop Rights immediately..
You can’t do a Louise Lerner and make a post and then claim Bishop afterwards..

:)

Electrongod on May 27, 2013 at 5:24 PM

They got nothin’. No ideas. No imagination. No progress. Just tired, old statism.

BKeyser on May 27, 2013 at 5:11 PM

Um….. When was the last time Europe didn’t support statism?

Happy Nomad on May 27, 2013 at 5:27 PM

Hey, they could try some capitalism, and I don’t mean the Pelosi/Reid pretend , lip-service kind.

HopeHeFails on May 27, 2013 at 5:30 PM

They have to destroy capitalism in order to save it.

rickv404 on May 27, 2013 at 5:31 PM

Yes, but if you liberally smear a thick layer of imported Muslim mustard on that sh** sammich …

M240H on May 27, 2013 at 5:33 PM

When in doubt, revert to socialist form…with the same predictable results since 1848.

steebo77 on May 27, 2013 at 5:34 PM

They have too many competing young people invading their country. Just like we will.

tomas on May 27, 2013 at 5:39 PM

They have too many competing young people invading their country. Just like we will.

tomas on May 27, 2013 at 5:39 PM

Actually, they quit making young people several decades ago, which is why they’ve had to import ‘their children’ to keep them in the luxurious, welfare hammocks to which they believe that they are entitled.

Resist We Much on May 27, 2013 at 5:48 PM

Obama recently threatened Britain that a trade deal between our countries would suffer if London decides to withdraw from the EU. Seems our ‘leaders’ are just as demented as the Brussels crowd.

Liam on May 27, 2013 at 5:52 PM

How can one boat anchor stay afloat in turbulent waters? Why hitching itself to other boat anchors of course. Safety in numbers.

SparkPlug on May 27, 2013 at 5:57 PM

You do good work Erika.

You are catching what others miss.

Keep at it.

wolly4321 on May 27, 2013 at 5:59 PM

I ain’t up for Normandy. My balls aren’t that large.

Not for them, again.

wolly4321 on May 27, 2013 at 6:03 PM

Give the youth Spain, Portugal, France. Move everyone else out. Make it a semi-autonomous region.

It will have taken over the rest of europe (to it’s betterment, in 50 years)

Never happen. Too many control freaks.

At least I learned where my favorite cheese comes from….

WryTrvllr on May 27, 2013 at 6:06 PM

Oh… and… Bishop! Did I do it right?

Corporal Tunnel on May 27, 2013 at 5:08 PM

No. You just say “Bishop”

WryTrvllr on May 27, 2013 at 6:07 PM

Or they/we could try that always has worked.

jukin3 on May 27, 2013 at 6:13 PM

How about stemming the unfettered tide of immigrants from Arabia? How about sending a bunch of them back home?

Odysseus on May 27, 2013 at 6:19 PM

Odysseus on May 27, 2013 at 6:20 PM

ROTFLOL. How about this for a “new” “deal” – start purifying your nations of non-Europeans by any means necessary short of death camps, and put a moratorium on immigration for a generation or two.

Try making it with your own young people and your own talent like most of the world has had to do for most of recorded history. Nonsense to the contrary, there is absolutely no “need” to import uneducated Islamic zealots to make up for some supposed deficit in native youth, and doing so is guaranteed suicide in the first place.

MelonCollie on May 27, 2013 at 6:32 PM

Socialism works as long as you don’t run out of OTHER PEOPLE’S MONEY!

GarandFan on May 27, 2013 at 6:35 PM

it always surprised me that germany bought into the whole EU crap.

dmacleo on May 27, 2013 at 6:36 PM

it always surprised me that germany bought into the whole EU crap.

dmacleo on May 27, 2013 at 6:36 PM

I’m hoping they pull another comeback and start kicking tail all across Europe. We aren’t going to be able to save that continent from self-Islamification.

And frankly if I could pick any one nation to rule a united Europe it would be them, even with the black marks in their history. Just about every other European nation has slammed into a culture-wide version of the Peter Principle.

MelonCollie on May 27, 2013 at 6:40 PM

I did four different tours in Europe over the years.It was worse each time.I have no sympathy for their plight.Matter of fact I hate em.

docflash on May 27, 2013 at 6:43 PM

The breakdown would have happened a century ago or more during the past economic downturns if the disaffected and jobless had not been able to immigrate to the Americas or Australia (not to slight political and religious oppression as a reason).

There is nowhere for the Europeans to go.

AesopFan on May 27, 2013 at 6:55 PM

So they’re going to fly kids all around the EU to discover… there’s no jobs in those countries, either?

Seems like a winning idea. They’ll probably want to raise taxes to pay for this hairbrained scheme as well.

Nethicus on May 27, 2013 at 7:21 PM

The breakdown would have happened a century ago or more during the past economic downturns if the disaffected and jobless had not been able to immigrate to the Americas or Australia (not to slight political and religious oppression as a reason).

There is nowhere for the Europeans to go.

AesopFan on May 27, 2013 at 6:55 PM

Exactly. They are, for the first time in a century, going to have to face the consequences of their foolishness with no bailouts from Uncle Sam. England is a shambles. Ditto France and Spain and Portugal…and the lily-white Scandinavian nations libtard hypocrites have held up as shining examples of socialism.

Virtually all of Europe minus Germany (who is eying a return to power) is headed for a trainwreck and they are going to have to deal with it themselves.

MelonCollie on May 27, 2013 at 7:30 PM

While I agree completely with Erika’s observations regarding the European insanity of trying the same thing they have before and expecting different results …

… the idea that Europe’s youth unemployment problems are primarily based on uncontrolled Islamic immigration is just dumber than a sackful of hammers.

Here’s a link to an infographic of the January 2013 Youth Unemployment statistics:

http://i1297.photobucket.com/albums/ag24/PolAgnostic/EuropeYouthUnemploymentJanuary2013_zps04fe131b.jpg

These levels have MANY indigenous roots unrelated to who has been immigrating from where:

The PRIMARY reason youth unemployment in Europe is so high is the near impossibility of terminating the employment of ANY full time employee regardless of how poor their documented performance may be.

Example: A full time regular employee with 15 – 20 years of employment in many European countries can literally be constantly absent, show up for work hours past expected start times and/or come to work under the influence. The employment agreements with the Workers’s Council require a termination package for an employee with these types of problems that in many cases make it cheaper to keep the employee on the payroll and have the manager/supervisor provide “increased expectations” in attempt to extract ANY value that can be realized.

The strongest SECONDARY contribution to the problem is the unrealistic expectation in most of the European countries on the part of the young people that their lives will AUTOMATICALLY be better rewarded and require them to work FEWER hours than their parents.

Erika didn’t bring up the fact most of the countries are already into a downward spiral that dooms the EU/euro. When the EU/euro go under (and though I think both are justifiably doomed), the HAPPY TALK economic propaganda of the last 4.5 years will be exposed for the BS it has been from the beginning.

And then things are going to get REALLY ugly ….

PolAgnostic on May 27, 2013 at 7:30 PM

Let.It.Burn.

After all …

It’s.The.Law.

ShainS on May 27, 2013 at 8:23 PM

Up to your usual very high standard, Erika. Now it would be nice for governments to have standards; even very low standards would be an improvement.

burt on May 27, 2013 at 8:36 PM

So they’re going to fly kids all around the EU to discover… there’s no jobs in those countries, either?

Seems like a winning idea. They’ll probably want to raise taxes to pay for this hairbrained scheme as well.

Nethicus on May 27, 2013 at 7:21 PM

Gee, and we were told that we needed High Speed Rail (TM) as a “green” alternative to smelly, kerosene fume-spewing airliners because Europe already has it.

I’d say sending the “youths” by rail or bus would make more financial sense.

Of course, the Eurodolts are probably operating on the principle of

How can we spend the greatest amount of tax money on this? To show we care? Or at least to feel a frisson at having total control and being able to do whatever the hell we please and flip everyone else the bird in doing so? See! See! You f**king peasants! We can spend your money any way we please and you can never stop us!! WHEEEE!!!

Still, it’s nice to know that there may, just may, be Fearless Leaders over there who are even stupider than The One we’re stuck with.

OK, maybe just barely.

clear ether

eon

eon on May 27, 2013 at 11:56 PM

Of course the Obama-Krugman Keynesians would have us “stimulate,” pretending that isn’t what’s been done up to now.

In particular, the PIIGS nations aren’t suffering from “austerity” at all: Italy increased its public spending by the least in the few years leading up to the 2008 banking crisis, and it was up 40%. The rest increased their own public spending far more, with similarly poor results.

Japan dealt with their own banking crisis just as the FRB and ECB are dealing with this one: keeping interest rates near zero and increasing public spending. When they began in 1990, public debt was at 67% of GDP, 22 years later it is at 212% with no appreciable growth to show for all the “stimulus.”

You don’t have to be a complete idiot to believe in Keynesian stimulation via government spending, but it sure helps.

Adjoran on May 28, 2013 at 12:13 AM

German Chancellor Angela Merkel said the tally of unemployed youth in Europe has climbed to an “unimaginable” level that requires urgent action, including spending trade bloc cash effectively to create jobs.

In the spirit of Marshal Petain, “This is the result of 90 years of Marxism.”

No, this is not “unimaginable” to all who embrace common sense and who have been paying attention to how these Socialist schemes bottom out sooner or later.

Free Enterprise Capitalism isn’t perfect, and will always have its bumps in the road, but all in all it’s the most equitable system and allows for the most personal freedom.

Dr. ZhivBlago on May 28, 2013 at 12:14 AM

They will fly slackers to the most productive EU countries. Then EU law will force those relatively-productive countries to support the welfare of said slackers. Government-mandated equality is their mantra, after all.

Ceteris Paribus on May 28, 2013 at 1:12 AM

The youth unemployment situation across much of Europe is bleak, to say the least; young people in Greece are unemployed at a rate that just shot past 60 percent, while more than half of Spain’s young people are jobless and more than 40 percent are jobless in both Ireland and Portugal.

Detroit got there first! Of course the young people there are appeased with Obamaphones and welfare.

Happy Nomad on May 28, 2013 at 7:14 AM

The “New Deal for Europe” will free up EU resources to pay for language courses and fund jobseekers’ flights around the continent in search of work. …

Carsten Brzeski, senior economist at ING Group in Brussels, said: “Merkel and Schaeuble know very well that the future of the euro is not just decided in Brussels or Berlin, but on the streets of Madrid, Athens and so on.”

“High youth unemployment combined with hatred for Germany can turn into populism and nationalism quite quickly and, in the extreme case, lead to an end of the currency union.”

Where have I seen the “shuffle around the populace for economic growth” plan before? Oh yes, Mao’s Red China. How did that work out for the people?

Steve Eggleston on May 28, 2013 at 8:18 AM

No explanation of who these European “youth” are or if they are natives or foreigners.

NeoKong on May 27, 2013 at 5:12 PM

Interesting point. I question the timing of this announcement it being just right after the Woolwich slaying. When Euros talk about ‘youth’, they often mean young Muslims. Would it be a stretch to suggest that European leaders think that the unrest, constant rioting and occasional beheadings be solved just by giving jobs to these ‘youth’ in order to placate their barbaric tendencies?

Sounds like a typical left-wing thought process.

Corporal Tunnel on May 27, 2013 at 5:18 PM

Given the percentages involved, we’re talking about both the locals and the foreigners, and not just the Islamists.

Steve Eggleston on May 28, 2013 at 8:20 AM

Carsten Brzeski, senior economist at ING Group in Brussels, said: “Merkel and Schaeuble know very well that the future of the euro is not just decided in Brussels or Berlin, but on the streets of Madrid, Athens and so on.”

To enhance the future of the European Union, there should be no future of the euro, but a future for the deutschemark, the peseta, and the drachma. If the Germans want capitalism and the Spaniards and Greeks want socialism, let them each have their own currency and let their central banks float the value of the currency relative to other currencies, and let the market go where it will.

Spain and Greece have lousy economies, but plenty of sunshine, while Germany has a strong industrial economy but lousy weather. If Spain and Greece had their own currency, they could sell nice sunny vacations to weather-weary Germans, for lots of pesetas and drachmas, which would seem cheap to the Germans. The Spaniards and Greeks wouldn’t hate the Germans if the Germans spent lots of money in their countries!

Steve Z on May 28, 2013 at 10:00 AM

I find it interesting that they think that teaching their “young people” more languages and then shipping them off to other EU countries, who don’t even have enough jobs for their young people, is going to be winning scenario…..

LibraryGryffon on May 28, 2013 at 10:18 AM