BIS central bankers’ speeches  1  Discuss shocks and institutions behind the European youth unemployment High costs for both individuals and society Relevant in European countries fighting with deteriorating public finances, competitiveness and aging populations Today, I will discuss the shocks and institutions behind the European youth unemployment problem.
The relocation of unemployed young workers to new jobs is a key policy issue facing European policy makers, as prolonged unemployment at the start of the working career has substantial short and long term costs for both individuals and society.