With a youth unemployment rate around 50 per cent, Greece presents its young people with a stark choice: Emigrate and join a brain drain to Western Europe and beyond, or stay in their homeland and struggle against long odds to find a livelihood. The country’s recession-battered traditional industries have little to offer, so for many young people, the coveted prize has become a government job, obtained through the sponsorship of a political party.
But some are trying to draw instead on the country’s mercantile roots to build businesses of their own, despite all the impediments.
At least a half-dozen small-business incubators and co-working spaces – buildings in which entrepreneurs can rent space cheaply and benefit from proximity to one another – have sprung up in Athens, nurturing new companies with up to about 20 employees.
A number of philanthropic organizations have sponsored contests and awarded seed money to young Greek entrepreneurs. Among them is the Hellenic Initiative, a non-profit that receives support from Greeks abroad.
The Alliance will help to fight youth unemployment by improving the quality and supply of apprenticeships across the EU through a broad partnership of key employment and education stakeholders. It also seeks to change attitudes to apprenticeships. It will in particular identify the most successful apprenticeship schemes in the EU and apply appropriate solutions in each Member State.
Countries with strong vocational education and training (VET) systems, such as Germany, Denmark, The Netherlands and Austria, tend to have less youth unemployment.
Further policy is needed to return to self-sustaining growth. The European Commission today adopted country-specific economic policy recommendations for 2015 and 2016 asking for national actions to create jobs and stimulate growth.
Eurofound in 2014 expanded its evidence base on the repercussions of the crisis on the living and working conditions of Europeans, and offered guidance on viable options available to policymakers in their efforts to turn Europe around. The Agency produced new knowledge in some of the areas of most immediate concern to Europeans and in fields crucial to their long-term prosperity. Its reporting of recent employment trends highlighted where in the economy most job creation and job loss has occurred and suggested where investment in future growth is best directed.
On GPS, Peter Diamandis and Steven Kotler explain how technology creates opportunities for everyone, and how aspiring entrepreneurs can use these new tools.
Recently Barbara Dorić stated that the contractors for the oil exploration and exploitation will be giving preference to hiring a ‘local workforce’. The truth (the actual contracts) state that job preferences is to be given to EU and Croatian workers, same for any required equipment.
So what jobs will be available for 20% of Croatia’s unemployed population, or 50% of the unemployed youth? None sadly.