European Youth Forum warns of a Peter Pan generation as a result of financial crisis and response to it

Rome, 14th November 2014 // The policy responses to the economic crisis which began in 2008 have hit youth hardest, according to a new publication launched by the European Youth Forum today at a high-level event on youth employment in Rome.

The publication “Youth in the Crisis: What Went Wrong?”, which examines in depth the consequences of the financial crisis on young people, finds that the policy answers to the financial crisis negatively affected society as a whole, but young people in particular.

In its publication, the Youth Forum highlights the fact that employment security for young people has significantly decreased, youth has seen cuts to their minimum wage and meanwhile education budgets have been slashed. It concludes that the  overarching response has been uncoordinated and ineffective with measures which have, overall, disproportionally and negatively affected young people. The Youth Forum recommends that European governments and the EU must move away from only “supply-side” measures to deal with youth unemployment and examine more closely its long-term drivers.

The Youth Forum concludes that in Europe young people’s transition into adulthood has, as a result of the financial crisis, been delayed. Young people are now leaving home later and becoming parents later. The publication makes a raft of recommendations including that the impact of the crisis on young people can only be effectively addressed with deep structural and institutional changes and policies dedicated to the creation of quality jobs. These policies should be part of a coherent macroeconomic environment aiming for inclusive and sustainable growth.

Peter Matjašič, President of the European Youth Forum, comments:

“Six years on since the onset of the economic crisis it is clear – with 14.6 million young people not in education employment or training across the EU – that the inadequate response from European and national leaders has made life worse for young people. European society as a whole has become unfairer with inequality rife and unemployment still at staggering levels. It is young people, however, whose lives have been particularly badly impacted; with their transition into adulthood severly hampered.

“It is now clear that we need better coordination of ambitious macroeconomic policies at the EU level and a sound budget  to stimulate job creation in order to avoid a generation of young people with no jobs, no security and no ability to progress into adult life. Europe must act now to avoid creating a “jilted” generation trapped in insecurity with no prospects!”

The publication was launched at a high-level event on youth employment (12-14 November, in Rome) – “one year after – building a sustainable future“, hosted by the Youth Forum along with the Italian National Youth Council as a follow up to the event held in Paris in November 2013. High-level speakers at the event – which is under the patronage of the Italian Presidency – including policy makers, politicians and economists, have, along with youth delegates, produced a set of recommendations on youth employment for the new European Commission, the European Parliament and EU Member States. These recommendations, covering both labour market and macroeconomic policies, include:

·       A call for deep structural and institutional changes and package of coherent policies to encourage the creation of quality jobs.

·       Public investment in infrastructure and social protection, as well as investments in specific and innovative sectors, such as in the green economy and in the ICT industry.

·       Internships must be of good quality and help young people in the transition from education to work, rather than replacing the creation of new jobs.

·       This transition should be helped by early interventions, such as career guidance, which should continue in the longer-term.

·       “21st century” skills, including entrepreneurship and skills gained through informal and non-formal learning should be seen as a key way to get young people into work.

·       Involving youth organisations in the design and monitoring of labour market policies.

Further key findings from the Youth Forum’s publications “Youth in the Crisis – what went wrong?” include:

       as of July 2014 the EU youth unemployment rate was at 22%; 14.6 million young people are not in employment, education or training.

       for young people the situation throughout the crisis has been typically worse than for that of the adult working population. Between 2007 and 2012, youth unemployment rates at least doubled in 12 European countries.

      Youth employment is much more sensitive to economic downturns than the average rate of employemnt. In Spain, for example, half of young workers were on temporary contracts before the crisis and so were the first to lose their jobs when redundancies hit;

       Austerity measures have been specifically targeted at youth. For example, in Greece whilst the general minumim wage was cut by 22%, for young people it was cut by 32%.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

UN chief pays tribute to the courage of DR Congo citizens, and the sacrifice of blue helmets

Low productivity jobs continue to drive employment growth

How can we build a workforce for our digital future?

Why the ocean holds the key to sustainable development

One day your doctor might prescribe healthy food and a museum visit – here’s why

7 ways to break the fast fashion habit – and save the planet

EU invests more than €100 million in new LIFE Programme projects to promote a green and climate-neutral Europe

EC v Samsung: A whole year to compile a case

Autumn 2019 Economic Forecast: A challenging road ahead

3 ways to nurture collaboration between universities and industry

Scotland in United Kingdom: It’s either the end or the beginning of the end

A 10-step plan to save our seas

After globalization what? Europe’s long, straining shake-up post Davos wreckage

What keeps me up at night? Two strategists reply

The Silent Pandemic: The impact of the COVID-19 pandemic on mental health

5G networks: to slice or not to slice?

Migration Crisis: how to open the borders and make way for the uprooted

Stop wars disguised as peace missions

Ship Recycling is the Commission’s Titanic

Madagascar: UN Secretary-General reaffirms support for electoral process

Glasgow and Edinburgh race to become the UK’s first net-zero emissions city

Asking for more restriction on intra EU immigration: Unproductive and politically dangerous

3 tech design principles to help curb digital repression

Is your business model fit for the Fourth Industrial Revolution?

Plastic waste from Western countries is poisoning Indonesia

Why Europe is more competitive than the US

Commission reports on progress made by Albania and North Macedonia

Is Data Privacy really safe seen through Commissioner’s PRISM?

How can entrepreneurship tackle the migration crisis in the EU?

EU consumer rules: Airbnb cooperates with European Commission and EU consumer authorities improving the way it presents offers

5 of the world’s deadliest infectious diseases

The Banking Union divides deeply the European Union

3 reasons why responsibly-deployed technology is key to the COVID recovery

5 ways to make your organization a great sustainability partner

Soccer is back with strict COVID-19 rules. Here’s what you need to know

6 young leaders who are improving the state of the world on International Youth Day

Death as a Global Public Health Issue

Nearly half a billion people can’t find decent work; unemployment set to rise: new UN labour report

The road ahead to building a more sustainable world

These Indian fishermen take plastic out of the sea and use it to build roads

Somalia: UN congratulates Puntland region’s newly-elected President

The importance of Yellow September and suicide prevention in Brazil

EU announces €25 million for education in crisis contexts and €140 million to support research in sustainable food systems

Draghi tells the Parliament the ECB to use all its weaponry; euro slides to parity with the dollar

Financial support for workers affected by no-deal Brexit

Youth Internationalization: part of everyday life in JADE

Planes can now fly for 21 hours non-stop. But are people ready?

ECB readies itself for extraordinary monetary measures defying Germany

State aid: Commission approves €1 billion Cypriot scheme to support enterprises and self-employed individuals in context of coronavirus outbreak

Europe divided: 30 years on from the fall of the Berlin Wall

3 things to know about India’s space programme

European Youth Event 2020: giving a voice to young people to influence EU policy

Fairer and clearer rules on social benefits for EU mobile workers agreed

Gender Equality in Medicine: are we now so different from the Middle Ages?

COP21 Breaking News_12 December: The New Draft Agreement!

Common charger: a long-awaited proposal requested by Parliament

Kosovo elections: ‘Most significant change’ in 12 years, Security Council hears

International community urged to deliver on promise for better future for Bosnia and Herzegovina

EU decides “in absentia” of civil society

Europe’s far-right launches attacks on neighboring nations

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: