“German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, and dropping the continent’s welfare model in favor of tougher U.S. standards would spark a revolution. Germany, along with France, Spain and Italy, backed urgent action to rescue a generation of young Europeans who fear they will not find jobs, with youth unemployment in the EU standing at nearly one in four, more than twice the adult rate.  If U.S. welfare standards were introduced in Europe, ‘we would have revolution, not tomorrow, but on the very same day,’ Schaeuble told a conference in Paris.”

http://www.reuters.com/article/2013/05/28/us-europe-unemployment-idUSBRE94R0D320130528

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