Eurozone youth unemployment reaches record high of 24.4% | Business | The Guardian

José Manuel Durão Barroso

José Manuel Durão Barroso (Photo credit: Wikipedia)

This is an important MUST READ article from the Guardian. Check it out!

via Eurozone youth unemployment reaches record high of 24.4% | Business | The Guardian.

The European Commission’s policies of excessive austerity are responsible for large swathes of youth unemployment. Now the European Commission is readying to pump billions of Euros into retraining Europe’s youth.

For me the critical question is:

How will the European Commission’s billions on retraining be effectively matched to potential demand, avoiding huge wastage in bureaucracy and corruption?

Any thoughts?

 

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The Portuguese and The Crisis: An analysis – Timothy Bancroft-Hinchey – English pravda.ru

European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

Frequently, I take exception as to what Timothy Bancroft-Hinchey writes in Pravda. However, the following, most popular, article on Portugal is excellent and a MUST READ, in my view. Check it out!

via The Portuguese and The Crisis: An analysis – English pravda.ru.

Sadly, Bancroft-Hinchey spoils an otherwise excellent story with his conclusion which is designed for Russian popular-ism.

It seems uncanny but those observers outside Europe are able to see more clearly the unfolding economic, social and political crisis, like Paul Krugman, whereas the European Commission and people like Olli Rehn are blinkered, driven by ideology rather than evidence based policy.

Any thoughts on Portugal?

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