Youth unemployment is out of control

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According to the latest OECD unemployment survey, the end of the crisis is not yet in sight.

 Youth unemployment is out of control
De Morgen

In the next 18 months, the situation is expected to get even worse. Overall unemployment rates will rise above 11 per cent in France, up to 12.5 per cent in Italy and up to 28.2 per cent in Greece. Only Germany is doing well, with jobless rates expected to fall to below 5 per cent in the coming months.

The OECD is calling for more state intervention and proposes that governments should sudsidise companies hiring young people. The newspaper describes the proposal of the thinktank, made up of 34 western countries, as "striking", since the OECD has always been "an advocate of deregulation and decreased state intervention".

Read this article in German.

Reprinted with permission of Presseurop.




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