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Europe Is Leaving the Workforce of the Future Behind

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Six years after the euro’s debt crisis began its attack on economies from Greece to Ireland, one in six people aged between 20 and 24 is still living for the day – not in employment, education or training.

They’re NEETS, for short. There are 5 million people that fit this bracket across the 28-nation European Union, according to fresh Eurostat data.

The problem isn’t only that they are currently without a job. They “face a permanent disadvantage on the labor market,” according to Guntram Wolff, director of the Brussels-based policy group Bruegel. “They will never be as productive as people who have a normal start.”

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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