Friday, 16 December 2011

Analysis: Old and young bear strain as euro crisis festers

LONDON (Reuters) - When Italy's welfare minister shed tears in announcing an increase in the retirement age, people might have thought she was crying for a lost generation of European Youth. For Opinion Polls show a strong perception that older workers deny young people jobs. Fortunately for millions of young unemployed across Europe, economists say the perception is wrong, a variation of the fallacy that the amount of work is finite and jobs must be shared out accordingly. ...read more..

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