Schulz: "Crisis only over when 25 million young unemployed have found a job"
Youth unemployment is "not only a personal catastrophe for young people, but also for their parents, grandparents, kids, friends and relatives," EP President Martin Schulz warned at the European employment summit in Milan on 8 October.
During his speech, Schulz called for more action to help create work, including investment in research and infrastructure: "Build schools, repair streets, install broadband, support start-ups, finance innovative research projects." He added: "The crisis will only be over, when Europe has stable growth rates, the 25 million young unemployed have found a job, companies can obtain loans for their innovative business ideas and our children look with hope to the future. Today we have to build the basis for a good tomorrow."