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Fund and the European Regional Development Fund have been reallocated so they would benefit at least 628,000 additional young people compared to the original funding plan.

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And last December, the Commission proposed a Youth Employment Package involving further practical initiatives. It proposes new instruments to tackle the short-term and structural employment problems facing young people. The focus is on supporting the transition from education to work. This means reducing the high numbers of those neither in employment nor in education or training (the so-called NEETs), and equipping all young people with the skills and experience they need to get a job.

The Youth Employment Package has four main elements.

1. Council recommendation for a Youth Guarantee.

labour market are estimated to amount to 1.21% of EUROPEGDP — an annual loss to the Member States of €153 billion! These are A Youth Guarantee means that findings of the European Founeach Member States should estadation for the Improvement of blish a scheme to ensure that all Living and Working Conditions, young people up to 25 years of or Euro-found, which is based in age receive – within four months Dublin. This initiative will involve of becoming unemployed or leaving the formal education system: €6 billion for the 2014 to 2020 pea quality offer of a job, the possibi- riod and will be open to all regions with a youth unemployment rate lity of continuing their education, an apprenticeship, or a traineeship. over 25%. €3 billion of this will be additional support on top of what Such Youth Guarantees will need to be based on close partnerships would already be financed by the European Social Fund. between public institutions and other players, including local and regional authorities, schools, busi- It is clear that investment in Youth Guarantee schemes should make nesses and trade unions. Turning a priority if we are talking about the Youth Guarantee into reality requires early intervention and ac- fixing national budgets in a smart tivation, and making full use of Eu- and growth-friendly way. The Youropean funding. Youth Guarantees th Guarantee would clearly generate a positive economic return. will cost something in the short Helping all young people to get term, but this will be much lower a labour market experience is as than the cost of doing nothing. important as good education, and we need to make that investment. These economic costs of young people’s disengagement from the

Work in progress - Final report  

This booklet is a summuary of "Work in progress", a project funded by "Europe for citizens" Programme with the aim of establishing a platfor...

Work in progress - Final report  

This booklet is a summuary of "Work in progress", a project funded by "Europe for citizens" Programme with the aim of establishing a platfor...

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