A Youth strategy for Europe's future
IED Research Paper by Kyriacos Christofides
Unemployment in European Union continues to plague Europe, threatening the fragile economic growth experienced over the recent years; a drastic difference is emerging between North and South, with countries such as Greece, Italy, Spain, Cyprus and Croatia having an alarmingly high youth unemployment rate consistently for years. This disparity concerns the European Union as it puts huge strain on the shoulders of the whole Euro system, the European Central Bank quantitative easing enabled citizens to borrow easier thus creating more opportunities subsequently more employment whilst the austerity measures had mix results, measures that worked in countries such as Ireland and Cyprus but failed in Greece.
The European Union’s Commission adopted a transparent approach in dealing with matters within the Union and it has established the 2015-2019 political objectives roadmaps which include a substantial investment in creating jobs and dealing with unemployed individuals, especially young persons finishing school, university or training. Looking at Cyprus, a lot have changed since the country ascended within the European Union- changes include legislation and enhanced protection for employees but also success stories of young people who benefited from EU’s programmes, however there is still a long way to go and Europe should continue its efforts through strategic thinking mentality and planning.
This research paper will outline the current situation both at European and national level, discuss about future development and suggestions of economic empowerment and finally political objectives and relative strategies at the European level. For the purposes of coherence and clarity the author will approach the subject matter in A) socio-legal approach going deep and wide in order to present the subject matter issues and concerns on national and European Level B) This part of the research will include socioeconomic theories regarding youth unemployment and the cost of high unemployment vis a vis low unemployment. Finally, the research will expand and attempt to outline the important of active strategic thinking that should be attained by all member states in harmony.
This publication received financial support from the European Parliament. Sole liability rests with the authors and the European Parliament is not responsible for any use that may be made of the information contained therein.