What lessons can the 2008 financial crisis teach us today? In the aftermath of the 2008 financial crisis, youth unemployment rose sharply across the EU, particularly in Southern Europe. In Greece and Spain, the jobless rate among young people reached, at times, over 50%, and it remains above 30% even today.
The impact of the COVID-19 crisis on the European economy is expected to be more far-reaching and disruptive than any other crisis in decades. How can the EU and European governments prevent the labour market from imploding? Are the current measures, such as state subsidies and short-time work measures, sustainable if the crisis drags on for too long?
Young people entering the labour market now are particularly vulnerable, and risk becoming another “lost-generation” stuck between education, internships, and unemployment. What can be done to prevent such a disaster? Might the COVID-19 pandemic become an opportunity to rethink the labour market and social welfare in Europe?
On Tuesday 1 December at 09:00 CET, we will be streaming an online Citizens’ Panel discussing the issue of youth unemployment. We invited Antoine Kasel, Head of Cabinet for Nicolas Schmit, European Commissioner for Jobs & Social Rights, to discuss Europe’s approach to youth unemployment.
You can watch the stream here or on our Facebook page.
How can Europe avoid a lost generation? What lessons can the 2008 financial crisis teach us today? Might the COVID-19 pandemic become an opportunity to rethink the labour market and social welfare in Europe? Let us know your thoughts and comments in the form below and we’ll take them to policymakers and experts for their reactions!