Monday, July 23, 2012
Crisis of Youth Unemployment in Europe
Interesting article by Walter Laqueur about the potential for the collapse of the European Union as a result of the current Euro crisis in the most recent issue of The New Republic. Laqueur draws parallels between high youth unemployment in today's Europe with that of 1920s and 1930s Weimar Republic, and the possibility that youth with their hopes for an economic future dashed may be easily swayed by demagogues. Not discussed in the article is the high incidence of unemployment among racial minorities and the children and grandchildren of third country national immigrants to the EU, who suffer unemployment at even higher levels than other European youth.