Germany and France launch ‘New Deal’ to combat youth unemployment
Germany and France launch ‘New Deal’ to combat youth unemployment
Germany and France are launching what they call a “New Deal” to combat the problem of youth employment in Europe. Billions will be spent helping young people find jobs, 24 percent of whom are out of work in the euro zone — that figure rises to more than 50 percent in Greece and Spain.
Marketplace’s Stephen Beard joins Morning Report host David Brancaccio from London with the details.
As of March 2013, 5.7 million young people or 24 percent were unemployed in the European Union. The lowest rates were observed in Germany and Austria (both 7.6 percent), and the highest in Greece (59.1 percent in January 2013), Spain (55.9 percent), Italy (38.4 percent) and Portugal (38.3 percent), according to Eurostat.
* January 2013 ** February 2013 *** 4Q 2012
(Source : Eurostat)
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
