Europe Is Leaving the Workforce of the Future Behind

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
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.