Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-072-000"

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"23.7 million women and men. This is where the number of unemployed people in Europe stood at the end of 2011. The ink was still wet on the fiscal pact concluded at last week’s summit when the crushing statistics were published: there has never been as high an unemployment rate in the countries of the euro area since the introduction of the common currency as at the end of last year. Youth unemployment is reaching particularly distressing levels in Spain and Greece, where almost half of the people below the age of 25 are unable to find jobs. I am glad that the Council has finally recognised what Socialist Members in the European Parliaments have been stressing for a long time, namely that this situation is untenable, and that Europe’s increasingly serious problems cannot be resolved solely through budgetary austerity measures. Despite the adoption of legislation after legislation and treaty after treaty on the tightening of fiscal rules, recession seems inevitable. Without economic growth deficit reduction cannot be sustained, new jobs cannot be created, the number of unemployed will not decrease but will in fact rise, and there will be a growing sense of hopelessness, accompanied by the proliferation of radical ideals and views. The Council took the long-awaited first step when it put the issue of employment and in particular youth employment on its agenda. However, the measures that were decided on are insufficient and lack ambition. Immediate decisions and actions, as well as an increased, targeted use of the EU funds offered is needed to ensure that the young people of today do not feel as if they were ‘Europe’s redundant generation.’"@en1

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