Saturday, September 10, 2011

Youth unemployment in Mediterranean Europe: It’s grim down south

Young Greeks, Italians and Spaniards respond in different ways to their plight


ALTHOUGH Spain’s youth-unemployment figures are the European Union’s worst, those of Greece are not much better. Along with Italy (which fares a little better on this particular measure) these Mediterranean economies share a savage distinction between older “insiders” with permanent employment and generous benefits—a class which very definitely includes the countries’ politicians—and younger “outsiders” on short-term contracts with minimal entitlements.








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The Economist