This is a thoughtful and very popular FT article by Philip Stephens. It’s a RECOMMENDED READ for the weekend, in my view.
The article basically takes the view that Europeans should not blame all their economic woes on Germany. It maintains that European decision-making has become far too risk-averse, especially with older members who have managed to escape the worst effects of austerity.
As I read this article, my mind wandered to the Millennial generation, who seem to have been abandoned by everybody, including the political classes, the mainstream media and the baby-boomers.
For the millennials to survive and prosper, there is a need for radical change. So far, politicians, like David Cameron and Angela Merkel are barely recognizing the size of the crisis for the Millennial generation. Of course, we need to lobby politicians, the mainstream media and pressure groups. BUT there is a far greater challenge, namely:
How do we encourage the millennials to effectively help themselves?