This is an important, must-read, article published by the European Parliamentary Research Service. Check it out!
Let me try to summarize. There are currently five million young people unemployed in Europe (aged 16 to 24 years), with matters much worse in Southern Europe. Despite EUR6 Billion pledged by the European Union, plus clear proposals from the EU, it is argued that individual countries who are not doing enough to help themselves. Buried deep in the article is the real cause of the problem – namely, inadequate demand in Europe.
Let me leave an open question:
Why is there inadequate demand in Europe?