In the News (from Reuters): “Angela Merkel’s summit on youth unemployment in Europe is an attempt to paper over the economic consequences of the austerity policies she championed in the region, a leading member of Germany’s opposition Social Democrats (SPD) said on Tuesday.
“With unemployment in the euro zone at a record high above 12 percent, Merkel will gather the leaders and labor ministers of more than 20 EU nations in Berlin from about 2 p.m. local time (8:00 a.m. EDT) on Wednesday.
“The stated aim is to agree efficient ways to spend the 6 billion euros ($7.82 billion) EU leaders have allocated to fight youth unemployment in 2014 and 2015, as part of a new ‘Youth Guarantee’ to provide jobs, training and apprenticeships.
“In recent months, as unemployment in southern Europe has soared, Merkel has adjusted her rhetoric, emphasizing the need for growth and jobs.”
My Comment: If these funds were directed at establishing a network of integral education courses, we would see changes in people and their lives within the first month of studies. Otherwise, it will be the usual European budget “cutting.”