France, Italy and Spain: A system that produces structural unemployment – Natixis

Patrick Artus, Research Analyst at Natixis, suggests that all indicators show the poor quality and even the deteriorating quality of the education system and the employability of young people in France, Italy and Spain (which we compare with Germany).

Key Quotes

“A decline in the level of youth skills and employability points to an ongoing rise in the structural unemployment rate in the future, an inability to end mass unemployment (unless considerable labour market flexibility is accepted) and an inability to restore long-term growth given companies’ recruitment difficulties.”