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Reproducing or Remaking the Social Contract with Young People in the Europe 2020 Strategy?

  • Eriikka Oinonen
  • Leena Tervonen-Gonçalves
Chapter
Part of the Palgrave Studies in European Political Sociology book series (PSEPS)

Abstract

Europe has suffered a severe economic crisis leaving millions of Europeans unemployed, indebted, excluded, and feeling hopeless and betrayed. These problems began as a financial crisis in 2007–2008 but soon expanded into economic, political and social domains. The financial sector failed, property bubbles burst and nation-states’ economies collapsed. Austerity measures were adopted to secure bailout loans from the tripartite committee known as the Troika, formed by the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF). Unemployment rates rocketed, while protests, riots and social unrest took place in the countries worst hit by the crisis (Mason 2012; Feixa and Nofre 2013; Varoufakis 2013).

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Eriikka Oinonen
    • 1
  • Leena Tervonen-Gonçalves
    • 1
  1. 1.University of TampereTampereFinland

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