Cuts now, jobs later - Europe is abandoning a generation

At last, politicians are talking about youth unemployment, but their efforts don't go far enough.

Can Europe afford to ignore the needs of its younger generation? Youth disillusionment and unemployment are notable features of this economic era. In some EU youth unemployment is over thirty per cent. What are national politicians and supranational bodies doing about this? Recently we have heard a few weak promises about future policies. Yet austerity measures continue to reduce state spending and therefore employment and growth.

On 14 June, labour and finance ministers from Germany, Spain, France, and Italy met in Rome for a meeting titled "Jobs for Youth: Building Opportunities, Opening Paths". The Italian prime minister, Enrico Letta, praised the conference for gathering the ministers in charge of state finances and budgets alongside their colleagues responsible for employment. Economic growth and job opportunities should be created through inter-governmental (and international) cooperation.

This shouldn't be any kind of political novelty, yet Letta suggested that "this is a distinctive day", and "a pride for us that Rome is the European capital city against youth unemployment". (Indeed, Rome is unfortunately the capital city of many actual young job seekers.)

The policy behind this "Jobs for Youth" plan is to promote small and medium businesses, in part through the European Investment Bank. Though it may have some effect in the long run, little was said on how to help people now. In fact, Italy's finance minister Fabrizio Saccomanni made clear there would be no turning away from austerity when he said: "the consolidation of states' finances is a prerequisite for policies against unemployment". The EU approach is that austerity and growth can be part of the same policy.

How this would contribute to the well-being of a fearful (and feared) European youth is not clear. The voices of young Europeans remain unheard. Unsurprisingly, some young people will vote for extremist and anti-establishment forces, and even reject the ideal of a European Union. One should wonder if "people" really are at the centre of the European elites' outlook.

The German prime minister, Angela Merkel, recently told the BBC that "mobility" is key, however unfair it might seem. Young Europeans should move where the jobs are. But how many European countries have flourishing job markets and high demand for labour? And which sectors of the economy? What should be done to help the "jobless" areas that will be deprived of a young and skilled workforce? Merkel's advice also misses the fact that migration for employment already takes place.

Increased migration and support for small businesses won't solve the problem alone. The young people of Europe need more than that to realise their dream of a better society, and to feel part of the EU project. For that, a range of public spending is needed, but instead many countries are reducing their funding of social security and education. A poor, young and angry labour force is a problem for any economic system, and it's hardly a route to prosperity for the European continent.

Andrea Mammone is a historian of modern and contemporary Europe at Royal Holloway, University of London

On your Fahrrad: The German Chancellor Angela Merkel. (Getty.)

Andrea Mammone is a historian of modern and contemporary Europe at Royal Holloway, University of London.

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Donald Trump vs Barack Obama: How the inauguration speeches compared

We compared the two presidents on trade, foreign affairs and climate change – so you (really, really) don't have to.

After watching Donald Trump's inaugural address, what better way to get rid of the last few dregs of hope than by comparing what he said with Barack Obama's address from 2009? 

Both thanked the previous President, with Trump calling the Obamas "magnificent", and pledged to reform Washington, but the comparison ended there. 

Here is what each of them said: 

On American jobs

Obama:

The state of our economy calls for action, bold and swift.  And we will act, not only to create new jobs, but to lay a new foundation for growth.  We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.  We'll restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost.  We will harness the sun and the winds and the soil to fuel our cars and run our factories.  And we will transform our schools and colleges and universities to meet the demands of a new age.

Trump:

For many decades we've enriched foreign industry at the expense of American industry, subsidized the armies of other countries while allowing for the very sad depletion of our military.

One by one, the factories shuttered and left our shores with not even a thought about the millions and millions of American workers that were left behind.

Obama had a plan for growth. Trump just blames the rest of the world...

On global warming

Obama:

With old friends and former foes, we'll work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet.

Trump:

On the Middle East:

Obama:

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West, know that your people will judge you on what you can build, not what you destroy. 

Trump:

We will re-enforce old alliances and form new ones and unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the face of the earth.

On “greatness”

Obama:

In reaffirming the greatness of our nation we understand that greatness is never a given. It must be earned.

Trump:

America will start winning again, winning like never before.

 

On trade

Obama:

This is the journey we continue today.  We remain the most prosperous, powerful nation on Earth.  Our workers are no less productive than when this crisis began.  Our minds are no less inventive, our goods and services no less needed than they were last week, or last month, or last year.  Our capacity remains undiminished.  

Trump:

We must protect our borders from the ravages of other countries making our product, stealing our companies and destroying our jobs.

Protection will lead to great prosperity and strength. I will fight for you with every breath in my body, and I will never ever let you down.

Stephanie Boland is digital assistant at the New Statesman. She tweets at @stephanieboland