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Europe's lost generation?

One in four young people in Europe are out of work. These 20-somethings share their stories.

'I earn very little'

youth greece aristea iliadis
  • Who: Aristea Iliadis, 23
  • Country: Greece
  • Youth unemployment: 55%

Athens-based student Aristea Iliadis considers herself lucky to have part-time work. Most of her friends are unemployed.

"I earn very little but it is better than nothing," she said.

Her friends were excited when she scored her job at a retail shop, but were less enthused when she told them about the low pay.

Iliadis works 16 hours per week while finishing her last year of sociology studies. She said her work colleagues worry constantly about being laid off.

Iliadis and her 26-year-old sister live at home with their parents, unable to afford the cost of living alone.

Related: Cyprus still reeling after EU rescue

The Greek economy has been kept afloat since 2010 by funds drawn from a €240 billion bailout program. In return, the country has enacted deep cuts to government spending, raised taxes and introduced structural reforms. Unemployment has rocketed to more than 27%.

--Interview conducted by CNN's Elinda Labropoulou.

Source: The latest unemployment figures are from the European Commission. They have been rounded to the nearest whole number. Youth unemployment is for ages 15 to 24.
  @AlannaPetroff - Last updated January 20 2014 05:35 PM ET

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