No respite for Euro until youth employment improves

Latest statistics from Organization of Economic Development and Cooperation (OECD) show the high rates of inactivity among youth in the Euro zone.

• Since the 2008 great recession and 2011 Euro zone debt crisis the leaders have taken the path of austerity in some cases to level of draconian one.

• It could be argued that it was necessary for the return of confidence in Euro zone debt but it has cost the general public especially the youth too much.

• This year marks the seventh anniversary of 2008 crisis and it still refuses to be over. This could mark as a lost decade for the Euro zone's youth.

• Unemployment is at staggering high in most of the countries especially among youth. Greece leads with 28 percent whereas Luxemburg has the lowest at 6 percent. Even the second largest economy France has above 15 percent. The numbers exclude those doing studies or course or training.

• Until the situation over employment improves across Euro zone it is difficult to go long on Euro over longer term.