Wednesday, April 10, 2013
Risk of Unrest Rises in EU
“When unemployment is as high as it is right now – as poverty and welfare protection become worse – then the danger of social unrest grows along with it,” says Miguel Angel Malo.
Malo is a professor of economics in Salamanca, Spain – a country where youth unemployment is at 56 percent. Additionally he’s an economics expert at the International Labour Organization (ILO), a UN agency seeking to promote labor rights.
It was for the ILO that Malo co-authored a paper with an unsettling thesis: the likelihood of social unrest is increasing. Or at least, it’s becoming far more likely in certain areas of Europe.