Tuesday, January 31, 2012

Youth unemployment exceeds 30 percent in eight member states


Nothing to add here, just a title I thought was as worthy of sharing as it is frightening. From EUobserver:

"Youth unemployment rates surpass 30 percent in Greece, Ireland, Latvia, Lithuania, Italy, Portugal, Slovakia and Spain, the European Commission said on Tuesday (31 January). Eurostat figures show that in December 2011, the youth unemployment rate was 22.1 percent in the EU27 up from 21.0 percent in 2010."

Monday, January 30, 2012

Merkel to Go to Bat for Sarkozy Campaign?

"Sarkozy’s German-inspired reforms are likely to please Chancellor Angela Merkel, who is believed to have offered to lend her support to Sarkozy’s re-election bid.
Merkel and Sarkozy were nicknamed ‘Merkozy’ for their close relationship and joint efforts to tackle the Eurozone crisis.
FRANCE 24’s International Affairs Editor Douglas Herbert said: “I think he is very happy to have Merkel’s support but it works both ways.”
“Sarkozy is someone she thinks she can trust to keep Europe on the right path.”

A "Budget Commissioner" for Greece?

This just in from the Wall Street Journal: Germany's Wolfgang Schauble is part of a group involved with the resolution of the Euro crisis that suggests the EU appoint a "budget commissioner" for Greece. The effort would aim to secure trustworthiness--and, ultimately, a way out--for the seemingly never-ending circles made around finally coming to a eurozone currency crisis fix. From the article

"Europe is "prepared to support Greece" with the new loan package, Mr. Schäuble said, but he warned: "Unless Greece implements the necessary decisions and doesn't just announce them…there's no amount of money that can solve the problem."
The remarks came as German officials last week floated the radical idea of appointing a European "budget commissioner" with veto powers over Greece's spending, partially suspending Greece's national sovereignty over its budget, in return for aid."

Saturday, January 28, 2012

Graphic: How the EU Gets and Spends Its Money

More great infographics from the Guardian. See "Where does the European Union get its money from – and how does it spend it?", part of the newspaper's new "Europa" venture with several other leading European dailies. 


... And we're back! EurAmerican has been dormant these last few, but here's something I couldn't help but share. "The Rise of the Megacities" is a new study published by the Guardian, detailing global trends on cities and the signs that urban life will be the prevailing mode of living for the 21st century. Article here, zoomable graphic here.

Also check out the online newspaper I'm involved with, the European Daily, whose "Abroad" page features my latest editorial wizardry. Enjoy!