German Finance Minister Schaeuble Warns of Revolution

German Finance Minister Schaeuble Warns of Revolution

Source: News Room

Let the austerity backlash begin. Who knew that an excel error could cause so much social strife. Granted common sense would have got you there, but this is politics. German Finance Minister Schaeuble warned on Tuesday that unless Europe wins the battle against youth unemployment, revolution is a distinct possibility.
The dreaded r-word came about as some corners push to reform the welfare standards to closely correlate with American standards. This would be a monumental mistake according the German finance minister. Youth unemployment as it stands now across the EU is at 25%, double the rate of older citizens.

Eu countries such as Germany, Italy and France are backing urgent action to tackle the issue before it becomes even more systemic than it already is. Anecdotes out of Spain have college graduates turning 30 without ever having a job. The problem is definitely have a social spillover as evidenced by the riots in Stockholm.

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[link to stratrisks.com]