Lost Generation « Dr Alf's Blog

English: The Fall of the Berlin Wall, 1989. The photo shows a part of a public photo documentation wall at Former Check Point Charlie, Berlin. The photo documentation is permanently placed in the public. Türkçe: Berlin Duvarı, 1989 sonbaharı (Photo credit: Wikipedia)

City-State Berlin in Germany and EU. (Photo credit: Wikipedia)

There is good new about jobs in the US, reported in the Financial Times.

via US jobs report eases economy fears – FT.com.

With focus on global unemployment this week and the Lost Generation of young people, many will ask why is Europe so far behind the US coming out of the recession?

Just how much of the blame for European unemployment is attributable to austerian policies emanating from Berlin?

Preventing a Lost Generation: General View (Photo credit: World Economic Forum)

Preventing a Lost Generation: Sharan Burrow (Photo credit: World Economic Forum)

Preventing a Lost Generation: Impression (Photo credit: World Economic Forum)

This is a good video from the Economist on Global Youth Unemployment and well worth a viewing. Check it out!

Global youth unemployment: The lost generation | The Economist.

In my view, policy-makers are not doing enough to stimulate demand, increase growth and create jobs for young people. Most economists target the US, the UK and Germany in being too austerian.