“High youth unemployment is not just a North African problem. The looting that ravaged English cities last week happened in a country where one in five young people is jobless. The picture in the US is no better. In continental Europe it is worse. More than 45 per cent of young Spaniards and 38 per cent of young Greeks are out of work. With developed economies facing years of austerity and sluggish growth, the picture is unlikely to improve in the near future.”

Read the full article at The Financial Times