19th March 2015
Austerity policies in the EU have contributed to intense economic suffering, particularly for young people and other vulnerable social groups, a new report has found. 123 million EU citizens – one in every four – are at risk of poverty or social exclusion – an increase of 7 million in the six years up to 2013. An extra 8.4 million people became unemployed in the same period and almost one quarter of economically active young people in the EU are unemployed. Young people constitute the largest group in the EU that is underemployed and feels discouraged in looking for work.