Who will pay the financial cost of the coronary?

Who will pay the financial cost of the coronary?

Much of European youth seriously responded to the call for physical distance and to close home in an effort to contribute to limiting the spread of the disease. But now this generation is increasingly nervous and concerned about the future and the economic situation, experts say. Experts say [...]

But now this generation is increasingly nervous and concerned about the future and the economic situation, experts say.

Experts say the economic outcome of the pandemic could create conflict among generations.

There have also been youths who have resisted orders. Some have been collected for <x0 malpractice festival of Coronavirus”, others have frequented each other's homes to accompany.

Scientists and officials condemned these practices while some youths spoke cynically about pandemics as the moment of opportunity to rid the world of elderly generations.

While Europe is expected to undergo the worst depression since the 1930s, prospects for employment and growth in careers are too weak for millenniums and 20-year-old generations. These generations are expected to face life difficulties for a long time. That, experts say, could shape European political developments.

I and my friends feel overwhelmed by these constant crises that have hit our generation, this death row to find work, home. The threat of global warming, social impact, will all have grave consequences,” says Joana George, of the millennium generation.

In a comment in London's daily The Times, it writes: “The economic and social consequences of the coronary are becoming clearer to all, but especially to the millennium generation and the younger generation that will live for decades with economic burdens on their shoulders laden with the weight of other crises”.

Youth was hit hard by the 2008 recession. Britons in their 20s suffered the deepest drop in wages compared to any other working-wing group. Inflation in the housing market makes it impossible for them to buy houses. Coronervirus is expected to make this situation even more serious.

Last week British Finance chief Richie Sunak warned “will be a serious situation. The economy will receive a significant hit”.

Analysts predict a contraction of 13% this year of the British economy as a result of closing the activity. This would represent the worst recession in three centuries. Public debt is expected to reach post-war levels II World.

The situation is gloomy throughout Europe.

Even before the epidemic, unemployment in the Eurozone youth ranks was up 19-25%. In Spain, Greece and Italy in recent decades, it has reached 40%.

Even young people who are employed find themselves with temporary jobs, without any advantage, at reduced hours. Twenty-30-year-olds before the outbreak were in worse shape than their parents at the same age.

Unemployment on the European continent remains a continuing problem, which by analysts is seen as the factor that brought to power right-wing forces.

Today's youth will now bear the burden of public debt raised by anti - coronary measures.

Discussions have begun on ways to share this burden among generations, requiring older generations who have benefited from the enormous increase in housing prices, or who have considerable pension funds, to pay some of the cost.

The Social Market Foundation, a research group in Britain, has called for a new “fair division of the economic burden between the” generations.

Budget cuts programmes should not burden the social system for employee class, protecting pensioners, as happened after the 2008” crisis. The group argues for tax hikes on property value and on monetary property.

“Isolation measures have hit the most hard British working age who for years have suffered the consequences of tax hikes, cutting government programmes, and slowing economic activity,” says Scott Corfe, director of the Foundation. “The society made the right decision by halting its activity to protect pensioners at risk of the epidemic. The situation required sacrifices from all generations, and the financial cost of the epidemic will require sacrifices from all generations”. VOA

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