The euro zone debt crisis has put a damper on this festive time of year in southern Europe. In Greece, families say they’re turning off the heat and skipping meat at Christmas dinner. Lisboners will be cutting back on gifts (one cleaning lady told Reuters she will only give “bare necessities”). And Italian civil servant Nadia di Santo, 38, told the outlet:
“I am buying no gifts this year. None, except for the children. Last year I bought presents for everyone, friends and family … I have put up the tree, although I am using the same decorations as last year. I will sort something out for Christmas dinner.”
Shop owners haven’t been spared. Many report a steep drop in sales, along with unusually quiet storefronts. “We were selling three times as much this time last year,” butcher Jesus Cerelo told Reuters.
Things are worst in Greece. According to one resident:
“Family is very important to us Greeks so the worst thing is when you are not able to provide for them,” said 70-year-old pensioner Nikos Tsakos. Two of his three children, in their 30s and 40s, are out of work and he has two small granddaughters.
“Sometimes my wife and I cry when we realise we will not be able to buy the girls toys this year … we cut back on everything.
Choosen excerpts by Job Market Monitor from
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Europe / NEET / 7.5 million young people aged 15–24 and an additional 6.5 million young people aged 25–29 were excluded from the labour market and education in Europe
“The immediate future of Europe depends upon the 94 million Europeans aged between 15 and 29″ writes the European Foundation for the Improvement of Living and Working Conditions in NEETs Young people not in employment, education or training: Characteristics, costs and policy responses in Europe. (Adapted choosen excerpts by Job Market Monitor to follow). Apart from the challenges that young people … Continue reading »
Two nations at the forefront of the European economic crisis, Spain and Greece, have the region’s highest unemployment with more than one in four people out of work. The statistics are even grimmer fro those younger than 25 years of age in both countries, with joblessness as high as 60 percent. Overall, more than 10 … Continue reading »
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Europe is still not sufficiently skilled writes the European Commission in Pathways towards full employment
“The economic crisis is fuelling a stream of bad news about jobs in Europe.” writes Robert-Jan Smits, Director-General for Research and Innovation, European Commission in the foreword of New skills and jobs in Europe: Pathways towards full employment (Adapted choosen excerpts by Job Market Monitor to follow) People around us are losing their jobs and … Continue reading »
Economic crisis and mass unemployment in Southern Europe have triggered an exodus of highly qualified jobseekers, many of whom are making their way north to Germany. There, a relatively strong economy and growing shortage of skilled workers makes companies eager to ensure that the newcomers feel welcome. Ziehl-Abegg, a mid-sized specialist in ventilation technology based … Continue reading »
EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment
The macro-economic situation in Europe continues to be extremely challenging. A number of Member States are in a double-dip recession and labour markets are in a crisis not seen in the EU for at least two decades. What is more, the outlook is not getting better. The European Commission’s Autumn forecast, presented on Wednesday, projects … Continue reading »