Headline Oct 02, 2014/



Let me begin with the  developing world,   at the very first.

Tell me O'' leaders   -if ordinary students really matter to your governments? And then tell me : what we need to do to get you to sit up and listen?

WHEN ANGELA MERKEL,  declares something to be a priority in the euro zone, the region's policy machinery steps up a gear.

Last year,  and spread over many months, Germany's Chancellor has woken up to the risks of   sky-high  youth joblessness in southern Europe.

The champion of fiscal austerity has started to echo her counterparts in Spain, Greece and Italy, declaring  youth unemployment  to be Europe's   "most pressing problem"

One that risks a  "lost generation"  if left unattended.

The result has been a flurry of summitry and schemes to help the continent's jobless young.

Europe's leaders have promised a  "youth guarantee" , under which every young European has a job,  apprenticeship or place in higher education within four months of becoming unemployed or leaving formal education.

They have pledged  Euro 8 billion  ($10.5 billion)  for the worst-hit countries over the next two years. The European Investment Bank  (EIB)  is to help small businesses employ and train youngsters-

And some European  ''structural funds''   are to be redeployed towards helping the young.

A souped-up  version of the EU's Erasmus scheme, which encourages study abroad, will help more people cross-borders for education and apprenticeships.

These proposals make for good sound-bites  -no small concern for southern Europe's embattled leaders, or indeed for Mrs Merkel. But, in practice, they are likely to disappoint.

They suffer from the same flaws that have plagued the European Union's response to the crisis over the past three years: a lack of boldness, an incomplete analysis of the problem and an excessive faith in copying German policies.

The lack of boldness is obvious as soon as you look carefully at the numbers.

Almost  8m young Europeans are not in work, education or training; one young person in seven. In Italy and Spain the ratio is one in five; and in Greece it is more than one in four.

Compared with the scale of the problem, the funds on offer are punny.

The pledge of Euro 8 billion  over two years is the equivalent of less less than  0.1% of GDP  a year for the eligible countries, or  Euro 850 a year for every young European in these countries:

Who is neither in work, nor training nor education.

Add the structural funds and potential lending from the  EIB  and the pot is bigger, but it still relative to most countries' budget squeeze, and certainly won't pay for huge expansions of training or apprenticeship schemes.

Training and apprenticeships are a good idea, but they will do little to help Europe's young jobless unless governments also succeed in boosting growth.

The main reason youth unemployment has soared in southern Europe is the depth of recessions in those countries.

Over time, cyclical  joblessness can become entrenched.

As the   OECD   makes clear in its  new  Employment Outlook,  the young have been hit harder than older people.

The scars will linger; as a generation fails to acquire skills.

Apprenticeship schemes may help at the margins by making youngsters more employable, but they will not substitute for economic recovery.

Prospects  for  this potentially  ''lost''  generation will not improve until the European economy gets better.

The Honour and Serving of this very important post continues. Thank you for reading and see you on the following one.

And if  Zero is not an option, then, please, share this work forward.

With respectful dedication to the Leaders of Europe. See Ya all Your Excellencies on !WOW!

With respectful dedication to the Students, Professors and Teachers of Europe. See Ya all on !WOW!  -the World Students Society Computers-Internet-Wireless:

''' Guaranteed To Succeed "'

'''Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless


Post a Comment

Grace A Comment!