What is Keynesian economics?
Keynesian economics is the idea that the government needs to be involved in the economy to keep it stable. It was introduced during the Great Depression when the economy had crashed and the U.S. was looking at ways to fix it. The government would control or oversee wages for workers, prices for products, interest on loans, and taxes to make and sell products. In this type of economy the theory is that when the government controls these things more jobs will be created and when more jobs are created more people make money, and when people make more money they are more willing to buy things and therefore suppliers will supply more causing producers to make more, and coming back around to needing more workers to make more products. Eventually the economy will rise and the government will stop being so involved when the economy recovers.
Europe has been losing jobs and if they don't have jobs then they can't pay for medicine and things people may need. Michael Marmot of CNN is saying that jobs and medical care systems are linked more then what we act like they are and therefore shouldn't be left to doctors to figure out but the government. The youth have been losing jobs because the government has been trying to get rid of their debt and in order to do that they have to cut spending, which would be laying people off, or increasing taxes or a little of both to get out of debt so they can stimulate the economy. With the young people losing jobs people are looking at that fact that to make the economy better they are firing people which will only make the economy worse.