clashes in Rome for the right of housing
31/Oct/2013 Roma, Italia
[Image: James Plunket]
Wow: “The EU unemployment rate set a new all-time high of 12.2 percent, according to today’s estimates. But it’s the youth unemployment crisis that’s truly terrifying. In Spain, unemployment surged past 56 percent, and Greece now leads the rich world with an astonishing 62.5 percent of its youth workforce out of a job”
Europe must not drop its welfare model in favor of US standards or it will spark a revolution “not tomorrow but the same day,” Germany’s Finance Minister warned on Tuesday.
Speaking at a conference in Paris, Wolfgang Schäuble was joined by other German, French and Italian ministers in issuing warning calls over the soaring unemployment plaguing nearly six million European youths, and that threatens an “entire generation of people” and risks losing “the battle for Europe’s unity.”
Warning of “catastrophe,” Schäuble said, “We need to be more successful in our fight against youth unemployment; otherwise, we will lose the battle for Europe’s unity.”
While Germany insists on the importance of budget consolidation, Schaeuble spoke of the need to preserve Europe’s welfare model.
If U.S. welfare standards were introduced in Europe, “we would have revolution, not tomorrow, but on the very same day,” Schaeuble told a conference in Paris.
“We have to rescue an entire generation of young people who are scared. We have the best-educated generation and we are putting them on hold. This is not acceptable,” added Italian Labor Minister Enrico Giovannini.