Germany Fears Revolution if Europe Scraps Welfare Model

May 31st, 2013

This is a battle against the machine and it’s already lost.

Via: Reuters:

German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, and dropping the continent’s welfare model in favor of tougher U.S. standards would spark a revolution.

Germany, along with France, Spain and Italy, backed urgent action to rescue a generation of young Europeans who fear they will not find jobs, with youth unemployment in the EU standing at nearly one in four, more than twice the adult rate.

“We need to be more successful in our fight against youth unemployment, otherwise we will lose the battle for Europe’s unity,” Germany’s Schaeuble said.

Related:

Eurozone Unemployment at New Record High

Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy by Erik Brynjolfsson and Andrew McAfee

Posted in Books, Collapse, Economy, Rise of the Machines, Technology | Top Of Page

One Response to “Germany Fears Revolution if Europe Scraps Welfare Model”

  1. Ann says:
    June 1, 2013 at 4:03 am

    What else is new? Rome had the same problem, and Roman politicians worried about it openly in letters and missives they wrote back and forth. I’ve read a number of them. We all know how that worked out. The more things change….

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