by Andrew Stuttaford

Check out the chart in this post by Zero Hedge showing European under-25 employment rates. ZH adds:

Greek ‘youth’ unemployment jumping to a disheartening 58% (for August) – by far its highest ever – and Spain rising inexorably at 54.2%… Euro-zone youth unemployment overall has risen to 23.3% and while Greece jumped the most, Italy was close behind with a 1.2ppt rise to 35.1%.

For a second I looked at those numbers and worried about the social turmoil that could well be the consequence, but then I relaxed. The EU won the Nobel Peace Prize. All is well.

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