News / Economy

    EU Leaders Urge Action to Reduce Youth Unemployment

    EU Leaders Urge Action to Reduce Youth Unemploymenti
    X
    Zlatica Hoke
    November 13, 2013 5:34 AM
    European Union leaders have called for swift action to reduce youth unemployment, a growing problem in the 28-nation zone. Almost one quarter of the young people ages 15 to 24 are unemployed, and that is more than twice the unemployment rate among adults there. Zlatica Hoke has more.
    EU Leaders Urge Action to Reduce Youth Unemployment
    Zlatica Hoke
    European Union leaders have called for swift action to reduce youth unemployment, a growing problem in the 28-nation grouping. Almost one quarter of young people aged 15 to 24 are unemployed, which is more than twice the unemployment rate among adults.
     
    French President Francois Hollande hosted a Youth Unemployment Summit in Paris on Tuesday, following a July summit initiated by German Chancellor Angela Merkel.  
     
    "The future of a generation is at stake, a generation that has been hit by unemployment for years now, and with the economic crisis, this generation feels even more uncertain about its future, almost hopeless," said Hollande.
     
    President Hollande said 6 million young people are currently unemployed in Europe.  His own popularity is at record lows, partly because he has failed to lower France's 11 percent unemployment rate.
     
    Meanwhile, German Chancellor Angela Merkel said economic growth is a prerequisite for creating new jobs.
     
    "We are obviously doing everything we can for the preconditions, for growth to become ever better, because without growth there will not be any new job created, and those who will suffer that will particularly be the young people," said Merkel.
     
    Ahead of the July summit Chancellor Merkel hosted in Berlin, she said youth unemployment could be the bloc's biggest problem. That summit ended with a pledge to spend $8 billion over the next two years to improve youth unemployment rates, but youth organizations say that figure is not nearly enough.
     
    "The six billion euros is not enough. To establish something credible, we need at least 21 billion euros.  We are demanding more investment at a European level," said Giuseppe Porcaro, general secretary of the European Youth Forum in Brussels.
     
    Many organizations say that youth unemployment is not just an economic problem. Thiebaut Weber, president of the Trade Union Confederation, which is also based in Belgium, feels it presents a social issue as well.
     
    "We are calling for a more social Europe that takes responsibility for social matters and employment - not just the budget," said Weber.
     
    Youth unemployment in the European Union reflects the economic disparity found throughout the eurozone, the 17 countries that use Europe's common currency.  In Spain, more than half of people under the age of 25 are out of work. In Greece, the figure is close to 60 percent. But in Germany, Europe's strongest economy, youth unemployment is only about 8 percent.

    You May Like

    Top US General: Turkish Media Report ‘Absurd'

    General Dunford rejects ‘irresponsible' claims of coup involvement by former four-star Army General Campbell, who led NATO forces in Afghanistan before retiring earlier this year

    Video Saving Ethiopian Children Thought to Be Cursed

    'Omo Child' looks at efforts of one African man to stop killings of ‘mingi’ children

    Protests Over Western Troops Threaten Libyan 'Unity' Government

    Fears mount that Islamist foes of ‘unity' government plan to declare a revolutionaries' council in Tripoli

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    London’s Financial Crown at Risk as Rivals Eye Brexit Opportunitiesi
    X
    VOA News
    July 25, 2016 5:09 PM
    By most measures, London rivals New York as the only true global financial center. But Britain’s vote to leave the European Union – so-called ‘Brexit’ – means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. Already some banks have said they may shift operations to the mainland. Henry Ridgwell reports from London.
    Video

    Video London’s Financial Crown at Risk as Rivals Eye Brexit Opportunities

    By most measures, London rivals New York as the only true global financial center. But Britain’s vote to leave the European Union – so-called ‘Brexit’ – means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. Already some banks have said they may shift operations to the mainland. Henry Ridgwell reports from London.
    Video

    Video Recycling Lifeline for Lebanon’s Last Glassblowers

    In a small Lebanese coastal town, one family is preserving a craft that stretches back millennia. The art of glass blowing was developed by Phoenicians in the region, and the Khalifehs say they are the only ones keeping the skill alive in Lebanon. But despite teaming up with an eco-entrepreneur and receiving an unexpected boost from the country’s recent trash crisis the future remains uncertain. John Owens reports from Sarafand.
    Video

    Video Migrants Continue to Risk Lives Crossing US Border from Mexico

    In his speech Thursday before the Republican National Convention, the party’s presidential candidate, Donald Trump, reiterated his proposal to build a wall along the U.S.-Mexico border if elected. Polls show a large percentage of Americans support better control of the nation's southwestern border, but as VOA’s Greg Flakus reports from the border town of Nogales in the Mexican state of Sonora, the situation faced by people trying to cross the border is already daunting.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Calm the Waters: US Doubles Down Diplomatic Efforts in ASEAN Meetings

    The United States is redoubling diplomatic efforts and looking to upcoming regional meetings to calm the waters after an international tribunal invalidated the legal basis of Beijing's extensive claims in the South China Sea. VOA State Department correspondent Nike Ching has the story.
    Video

    Video Four Brother Goats Arrive in Brooklyn on a Mission

    While it's unusual to see farm animals in cities, it's become familiar for residents of Brooklyn, New York, to see a little herd of goats. Unlike gas-powered mowing equipment, goats remove invasive weeds quietly and without adding more pollution to the air. As Faiza Elmasry tells us, this is a pilot program and if it proves to be successful, the goat gardener program will be extended to other areas of New York. Faith Lapidus narrates.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.
    Video

    Video Wall Already Runs Along Parts of US-Mexico Border

    The Republican Party’s presidential nominee, Donald Trump, gained the support of many voters by saying he would build a wall to keep undocumented immigrants and drugs from coming across the border from Mexico. Critics have called his idea impractical and offensive to Mexico, while supporters say such a bold approach is needed to control the border. VOA’s Greg Flakus has more from the border town of Nogales, Arizona.
    Video

    Video New HIV Tests Emphasize Rapid Results

    As the global fight against AIDS intensifies, activists have placed increasing importance on getting people to know their HIV status. Some companies are developing new HIV testing methods designed to be quick, easy and accurate. Thuso Khumalo looks at the latest methods, presented at the International AIDS conference in Durban, South Africa.
    Video

    Video African Youth with HIV Urge More Support

    HIV, the virus that causes AIDS, is the top killer of teens in sub-Saharan Africa. But many youths say their experience with the virus is unique and needs to be addressed differently than the adult epidemic. VOA South African Correspondent Anita Powell reports.
    Video

    Video Pop-Up Art Comes to Your Living Room, Backyard and Elsewhere

    Around the world, independent artists and musicians wrestle with a common problem: where to exhibit or perform? Traditional spaces such as museums and galleries are reserved for bigger names, and renting a space is not feasible for many. Enter ArtsUp, which connects artists with venue owners. Whether it’s a living room, restaurant, office or even a boat, pop-up events are bringing music and art to unexpected places. Tina Trinh has more.
    Video

    Video Scotland’s Booming Whisky Industry Fears Brexit Hangover

    After Britain’s vote to leave the European Union, Scotland’s government wants to break away from the United Kingdom – fearing the nation’s exports are at risk. Among the biggest of these is whisky. Henry Ridgwell reports on a time of turmoil for those involved in the ancient art of distilling Scotland’s most famous product.

    Special Report

    Adrift The Invisible African Diaspora

    World Currencies

    EUR
    USD
    0.9105
    JPY
    USD
    106.21
    GBP
    USD
    0.7618
    CAD
    USD
    1.3171
    INR
    USD
    67.348

    Rates may not be current.