Finland’s Liikanen discusses causes of youth unemployment

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Erkki Liikanen, governor of the Bank of Finland, delivered a speech on May 30 about the "shocks and institutions" behind youth unemployment in Europe.

Speaking at the University of Tartu in Estonia, the governor described the rise in youth unemployment since the start of the financial crisis as "stupefying".

The governor said young workers were easily used as "labour buffers" when employers adjust the size of their workforce. He also suggested "dual employment protection legislation (firing

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