Behind the necessary nation-state level of analysis of the ant and the grasshopper, are individuals, families and local communities. In EU, in March 2017, the lowest youth (under 25) unemployment rate was in Germany (6.7%), while the highest was in Greece (48%). Spain (40.5%) and Italy (34.1%) came next. The debt crises, profligate spending, retired-at-50 Greek grasshoppers frolicking on the beach opa! with their ouzo [visualize this if you can] on government pension, Olympics-are-us hubris of 2004.we all get that, more or less.
But forcing the youth to pay for mistakes of an earlier generation that may very well diminish their ability to pay in a vicious circle of increasing debt burden and decreasing ability to pay? Debtors prison, finally?
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