However, the latest Eurostat unemployment figures released today remind of a far bigger problem that the eurozone now must face – staggering levels of
Governments on the euro periphery – which desperately need to institute difficult economic reforms to put budgets on sustainable paths – receive little support from a younger generation that feels like its opportunities and its future have been crushed already by the very same actors.
Societe Generale cross-asset strategists highlighted youth unemployment and the danger it poses to the eurozone in a note yesterday, writing, "Economic crisis in developed countries have reinforced unemployment, especially with the youth...With lower population support, large upheavals could threaten government stability."