A Look Behind the European Union's Unemployment Crisis

The average unemployment rate across the 28-country EU is around 10 percent. It’s as bad as 56 percent among the youth of Spain. What’s more, a hidden army of part-time workers, and the existence of a massive “gray economy” region-wide, is making the situation even worse than it appears. What’s the solution? On this episode, we get advice from Robin Chater, secretary-general of the Federation of International Employers. Europe, he says, “is failing its next generation.” He outlines the problem, explains how the mighty EU has come to this state of affairs, and suggests ways out of the mess. Whether the political climate and bureaucratic nature of the EU allow for substantive change, however, is another matter. Hosted by Bob Bowman, managing editor of SupplyChainBrain.

Look for the next episode of the podcast, which can be downloaded or streamed, every Friday on the SupplyChainBrain website.

Show notes:

“Beggar Brussels”: A blog post by Robin Chater.

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