Germany and France launch ‘New Deal’ to combat youth unemployment

Stephen Beard May 28, 2013
HTML EMBED:
COPY

Germany and France launch ‘New Deal’ to combat youth unemployment

Stephen Beard May 28, 2013
HTML EMBED:
COPY

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)

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.