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Half Of Spanish And Greek Young Adults Are Unemployed

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  • November 30, 2011
  • 11:58 pm
Half Of Spanish And Greek Young Adults Are Unemployed

Though the world economy is still stalled, there have been two definite classes that have borne the brunt of the Great Recession: young people and people living in the austerity-stricken southern European countries. In countries like Greece for example, interpersonal violence and the suicide rate have spiked since the debt crisis started. In America, economists have argued that the generation coming of age in the recession will forever have lower lifetime earnings than those who are just a bit older than them.

Unfortunately, people living in both categories — southern European and youth — are having an especially difficult time. According to new numbers from Reuters (via the Atlantic), the unemployment rates in Greece and Spain for people under the age of 25 are approaching 50%. That’s shocking. For every young adult trying to make it in the job market, there’s another who can’t find a job or a livelihood. Things aren’t much better in other countries with debt problems: Italy, Portugal and Ireland all have youth unemployment rates around 30%.

What’s most shocking is comparing that to the overall unemployment rate in those countries. In Greece, the total unemployment rate is 18.3% and in Spain it’s 22.8%, each less than half the youth unemployment rate — but still disastrous. In countries that are already struggling to that extent, young people don’t even have a chance.

The worst part of this story is that the international community is preventing those countries from helping their jobless youth. Because Greece had to accept austerity measures as part of its rescue package, there’s no safety net for these young people who have little experience or savings to fall back on. These statistics show starkly what the European 99% looks like — young, unemployed and desperate.

Related Stories:

The New Frontier of Wealth Inequality: Young Vs. Old

The Human Toll of the Financial Crisis in Greece

Will Greece Leave the Eurozone?

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10:28AM PST on Dec 21, 2011



2:57AM PST on Dec 19, 2011

The unemployment is too high here. We can't help Europe when we are struggling as well.

In the USA, the Native Americans are the poorest group of people. It is kind of a known fact that indigionous people all over suffer greatly in their own countries. Fact.

We also need to help ourselves before helping other countries. Also, Fact!

4:35AM PST on Dec 17, 2011

People: if you don't agree with me, state some reasonable arguments on why you think I'm wrong. And be aware that you can only say that about things that are not facts (because it is a fact that the native Europeans are being replaced). Calling me racist because you don't agree with what I'm saying is just ridiculous.

4:27AM PST on Dec 17, 2011

If I were racist, I wouln't bother with illegal immigrants from other European countries. And the fact is that is does bother me, like I explained before. But someone without an open mind like you couldn't understand that, now could you? Because when you see an European comenting and talking about immigrants you assume we're racist. You don't even bother to read what we wrote and to think about it.

4:22AM PST on Dec 17, 2011

Lis: I don't care about races. You don't have an open mind, because that's the only way you can't understand that what I'm saying is true. Do you ever bother to read what I wrote? I'm not for poverty, or I obviously woulnd't be on this site. But the solution is not everyone coming to Europe; it is to help the underdevoloped countries to develop! Ironically, assuming because I'm white and I'm talking about races you say I'm racist: that is racism. No one seems to know what words like racism or xenophobic mean these days... Stop using the racist card when you don't even know what the word means! And don't even get me started on the fact that you apparently are in favor of illegal activities...

4:08AM PST on Dec 17, 2011

Sorry, Raquel but this is not the time to be preaching "nationalities", jingoism or patronising, xenophobic attitudes. The EU is just one bloc in the world, but the world seems to growing smaller and smaller every day. Some in he world not only don't have employment, they don't have food, clean water, health, education or anything like what is basic to life. Western nations are fortunate by comparison. Free trade has not helped the world's economies as there isn't much to trade and what there is seems to be owned by rich multi-nationals who exploit poor nations anyway.

Perhaps you have heard the saying "I complained about my lack of shoes until I saw the man with no feet." Stop railing against "illegal" immigration.

3:49AM PST on Dec 17, 2011

The morning news broke the story of the Greek man who had been claiming benefits for 19 children. Although he does have a wife he has no children. I hope none of those children were included in the youth unemployment figures!!!!!

5:25AM PST on Dec 14, 2011

I forgot this (I quoted):

5:21AM PST on Dec 14, 2011

The thing is, so we don’t get replaced, we have to close our doors to immigrants (which should be done anyways because most immigrants that come to Europe are illegals and unqualified, we get no benefits from this). Besides, there’s no need for anyone to migrate if their home country has living conditions: instead of agreeing they all come to Europe, why in the world can’t we help their countries to develop, in order that everyone has a good life in their respective homeland? That’s what I defend: help their countries to develop so they don’t even have the need to migrate.
I’m concerned about the present and the future, as well (as anyone with an open mind can see from what I just wrote). I’m very concerned. And if you’re concerned about freedom you should know that when many intolerant Muslims (I know there’s intolerant people in every religion, but you’ve got to admit this) immigrate to Europe, too, our freedom is definitely at stake.

5:19AM PST on Dec 14, 2011

That’s not the Portuguese population you’re talking about. Seeing you are one of those from whom races+white = racist, let me put it this way: what if now some millions of Europeans and Asians migrated to Africa and their average fertility rate was something like 4 kids per women, and the African’s fertility rate was something like 1? What would happen is that Africans would be, little by little, replaced by immigrants in their own homeland. They would become the minority in their native countries. That’s what’s happening in Europe right now. The European population is relatively small if you compare it to the population of the country most immigrants come from (see, for example, China and India) and the fertility rate of European women is very small compared (I can’t talk about China because they have policies about that), to India (2,6), or Angola (5,9) or Mozambique (5, 4), for example. There are already too many people in this world, there’s no need for European population to grow (you frequent this site and yet you don’t know this?). We’re Europeans, we survived the plague, two world wars and so many things, it’s obvious we’d find a way for the reformation’s problem.

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