This is an outstanding, MUST-READ, article from the FT. Check it out!
This article, written by the FT”s bureau chief in Spain, Tobias Buck, tells the story from the perspective of a number of Spain’s young people. I found the individual stories sad and moving.
As I read the article at home in Cyprus, my mind drifted to the millions of millennials, across Europe, who are facing a similar risk of being written off as the Lost Generation.
In my view, all millennials, across Europe, are at risk, unless they are from wealthy or privileged families. Obviously, there is less risk in more prosperous countries, like Germany, but there is still a serious risk. International mobility of labour will eventually create a crisis, even in the most prosperous countries.
In recent years, European policy-makers have been responsible for excessive austerity and now they are worried about their political futures as Europe’s citizens cast their votes.
Let me turn this to an open question:
What are the three most important policy initiatives to redress Europe’s millennials being remembered as the Lost Generation?
Reblogged this on Dr Alf's Blog and commented:
This is worth a read. It’s one of our most popular blogs…
Reblogged this on Ace News Desk 2014 and commented:
Alf, the Bilderberg meeting in Copenhagen, in June, will doubtless have the backlash against austerity and centralisation of unelected power high on their agenda.
They(all 120 of them), will, I have no doubt, engineer something in secret, which will enable them to put the Farage, Wilder and Le Pens back in their respective boxes, and concentrate minds among the “Great Unwashed”.
At the moment, it may not look like that but “events” and a great many of them can manifest over a year and turn unstoppable momentum into a “Wildebeest like diversion”.
Should it fail this year, people will be made to pay for their defiance next year, as surely as the sun will rise.
I understand your argument but hope that democracy will prevail.
I am hopeful in the long run but I see it as 25 rounds with a very strong set of ruthless opponents in a cage fight with a non impartial referee.
Success when it comes will be very hard won indeed.
Dr Alf is right to be sad about Millennials in Spain and elsewhere who are effectively being written off by Europe’s out of touch political elite.
Unless growth can be brought up to 3% and a lot of these young Latins sent to Brazil, Argentina and other countries in South America, in a European version of the Chinese “Swarm Out” process, nothing will happen, and these young people risk drifting into drug-taking, crime and disaffection.
In years gone by, a War would have resolved the issue but now the political elite are blind and complacent to the danger of alienation and nihilism.
I have grave misgivings, and do not believe the correct steps are being taken to even try to fix matters.
John, many thanks for sharing your views which I tend to endorse. However, it will be interesting to see if matters change as a result of the EU elections, where there has been a huge push-back against austerity and unemployment. The far-right and the anti-EU parties have had enormous success, especially in France & the UK. However, equally significant, in Germany, the status quo has prevailed.