European Central Bank President
Mario Draghi said Friday that failure to invest in human capital
was a factor in high youth unemployment in Italy and elsewhere.
"Segmentation of the labour market and poor vocational
training are also among the main reasons for the persistent high
level of youth unemployment in several countries that have been
hit severely by the recession such as Greece, Spain, Italy and
Portugal," Draghi said in a speech at Trinity College, Dublin.
"Austria and Germany have been successful in keeping youth
unemployment low mostly because of their efficient use of
vocational training and programmes targeted at disadvantaged
youth".
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