Europe's lost generation costs €153bn a year, study finds
Shiv MalikA lost generation of 14 million out-of-work and disengaged young Europeans is costing member states a total of €153bn (£124bn) a year – 1.2% of the EU's gross domestic product – the largest study of the young unemployed has concluded.
The report, by the EU's own research agency, Eurofound, has discovered that Europeans aged 15 to 29 who are not in employment, education or training (known as Neets) have reached record levels and are costing the EU €3bn a week in state welfare and lost production.
The Organisation for Economic Co-operation and Development (OECD) said Europe was "failing in its social contract" with the young and rising political disenchantment could reach levels similar to those that sparked North African uprisings during the Arab spring.
Pour citer cette ressource :
" Europe's lost generation costs €153bn a year, study finds", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), octobre 2012. Consulté le 30/11/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/europe-s-lost-generation-costs-153bn-a-year-study-finds