Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-388-000"
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"en.20120522.18.2-388-000"2
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"Mr President, our youth’s prospects are dying of bureaucracy and its weapon of choice, red tape. Youth unemployment is a scourge that will affect Europeans for generations. People who suffer unemployment in their early years subsequently tend to earn much less. They suffer deterioration of skills and future job instability. In Spain, a staggering 46.4% of young people are out of work.
Is it any coincidence that the states with the worst problems are members of the eurozone? The OECD has stated that the eurozone crisis is the biggest single threat to global recovery. The eurozone 17 will see their economy shrink by 1.9% this year. In contrast, both the UK and the US economies will grow. More than one in five young people across the European Union as a whole are unemployed and figures released yesterday by the UN suggest that this is set to get worse. UK businesses, both small and large, are crying out for less bureaucracy.
Tomorrow, EU leaders will meet in Brussels to discuss jobs and growth. We can expect a self-congratulatory press release and a nice photograph, but we know by now what will happen. Good money will be thrown after bad. Nothing will change and, instead of stemming the red tape that kills jobs, the strangulation will continue."@en1
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