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“When millions of talented people are fighting against a bleak future, the very foundations of the European welfare state are at stake”

by on June 20, 2013

Writing in Social Europe Journal, Berthold Huber, Chairman of the German trade union IG Metall and President of the International Metalworkers’ Federation, outlines the challenges facing Europe in an era of increasing youth unemployment across many EU states and suggests that “Europe’s youths thus face the peril of becoming a lost generation”.  Interesting this term – lost generation – is used as a tag for the whole piece, reflecting an increasing trend for this label we have been following over the last year.

He also makes an interesting comparison between the funds made available to bailing out the banks: “EU is only planning on making €6 billion available over the next 7 years. By way of comparison, the EU was willing to fork out over € 700 billion to bail out insolvent banks.”

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