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Transcript of Europe
and Matt Rise in Unemployment How does the European crisis affect the U.S.? Falling Sales Banks/Financial
Markets How will it affect
education in Europe? The impact on youth in Europe Statistics... Education vs. Unemployment Data The debt crisis explained... Projected GDP What is debt? Budget Crisis http://www.gfmag.com/tools/global-database/economic-data/10395-public-deficit-by-country.html#axzz2KcBi8g92 http://www.guardian.co.uk/news/datablog/2012/oct/31/europe-unemployment-rate-by-country-eurozone If there are high unemployment rates, countries will cut back on spending for schools to help citizens budgets instead.
Students would have to either take out loans or just totally put off going to college until they can afford it.
Europe is chiseling away at education budgets. Because of unemployment and debt, students will not get the education they need because of the money involved. *Just like households, if a government spends more money than it brings in, it has a deficit (indicated by a negative number). If it spends less than it brings in, it's a budget surplus (indicated by a positive figure)
*A government that has a deficit year after year increases its government debt.
*If the government does not decrease their debt, countries are forced into a crisis much like Europe. http://epp.eurostat.ec.europa.eu/tgm/refreshTableAction.do?tab=table&plugin=1&pcode=tsdde410&language=en The gross domestic product (GDP) is one the primary indicators used to
gauge the health of a country's economy. As one can imagine, economic production and growth, what GDP represents, has a large impact on nearly everyone within that economy. For example, when the economy is healthy, you will typically see low unemployment and wage increases as businesses demand labor to meet the growing economy. *Spain's unemployment rate is especially high amongst youths who have not completed high school
*Spain's unemployment rate has risen steadily from 7.95% to 20.09% in a short time
*The labour ministry: the number of jobless claims rose by 48,102, or 1.2 percent, to just over four million in September from August.
*Nearly one in three Spaniards between the ages of 18 and 24 have not completed high school and are not enrolled in school.
*44% of university graduates in Spain between the ages of 25 and 29 are in jobs that require less training than what they offer
What can help?
*Must reduce number of drop outs *Improve quality of secondary education
*Increase the value of an education for the students "Education is the only long-term solution to put an end to the disgrace of unemployment." * Top American brands such as Whirlpool, Ford, General Motors, Starbucks and Apple have reported disappointing revenue since Europe's financial crisis.
Europe purchases 22 percent of the goods U.S. companies sell abroad. If Europe quits importing things from the U.S. then OUR unemployment will increase which will then affect OUR education system. U.S. stock prices have fallen sharply since early May, mainly over worries about Europe. It was the worst month for U.S. stocks in two years as concerns about Europe escalated. Bank stocks have lost nearly 8 percent as a group. U.S. banks have gradually reduced their exposure to Europe. What scares investors the most is that banks would stop lending to each other over worries about each other's solvency. Once international banks lose confidence in each other, fear tends to spread quickly across oceans.