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The European model aims to strike a balance between economic performance and social cohesion.

Trainee at a milling machine
Trainee at a milling machine© picture alliance / Keystone

Current studies on the impact of the economic crisis conclude that almost a quarter of all people in Europe are threatened by poverty and social exclusion. Europeans are worried about job security, provision for old age and the future of their children who are finding it tough to gain a foothold in the labour market.

After all, it is young people in Europe who have experienced the brunt of the economic and financial crisis. Despite being well qualified, many young people are unable to find a job. In some south‑eastern European member states, the situation is very worrying. Youth unemployment of over 50% is here unfortunately the order of the day.

Europe 2020 strategy to reduce unemployment and social exclusion

Europe is responding to the worries and fears of its people for example with the Europe 2020 strategy which contains concrete targets to reduce poverty and social exclusion and aims to create solid employment levels. Also in the European semester, more attention is now being paid to these indicators to gear economic policy more to the needs of the people.

Similarly, Europe has stepped up its efforts to tackle the persistently high youth unemployment. The Youth Guarantee and the Youth Employment Initiative are the first steps in the process to create more jobs for young people. With its mobility programme MobiPro‑EU, Germany is also making a major contribution to help young Europeans look forward to a bright future.

Find out more:

European Commission website with information on youth employment

ec.europa.eu

Information from the Federal Ministry of Labour and Social Affairs and the Federal Employment Agency on MobiPro‑EU

www.thejobofmylife.de

European Commission website with information on the Europe 2020 strategy

ec.europa.eu

European Council website with information on the European Semester

www.consilium.europa.eu