A Look Behind the European Union's Unemployment Crisis

Just how unified is the European Union, anyway? Disunified enough to cause an unemployment crisis that won't go away. The average unemployment rate across the 28-country EU is around 10 percent. It's as bad as 56 percent among the youth of Spain. What's more, a hidden army of part-time workers, and the existence of a massive ''gray economy'' region-wide, is making the situation even worse than it appears. What's the solution? On this episode, we get advice from Robin Chater, secretary-general of the Federation of International Employers. Europe, he says, ''is failing its next generation.'' He outlines the problem, explains how the mighty EU has come to this state of affairs, and suggests ways out of the mess. Whether the political climate and bureaucratic nature of the EU allow for substantive change, however, is another matter.