EUROPEAN COUNCIL/MFF : SIX BILLION EURO FOR YOUTH EMPLOYMENT.

Position:Multiannual financial framework - Brief article
 
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The EU will maintain all of its programmes for social inclusion over the next seven years. The heads of state and government have agreed to keep the aid programme for the most deprived persons of the Community, as well as the aid for redundant workers - though the financial envelopes of all these programmes have been slightly reduced. Moreover, they approved a new 6 billion initiative for youth employment.

The main innovation of this multiannual financial framework (MFF) is without doubt the creation of an initiative for youth employment to support the regions with an unemployment rate that is higher than 25%. A purse of 6 billion has been earmarked in the conclusions. The aid measures will be financed by the European Social Fund (ESF) and by fresh money. Eligibility and the number of unemployed workers concerned will be determined on the basis of 2012 figures. All instruments used during the period 2007-2013 to foster social inclusion will be prolonged.

Though the conclusions do not provide information on all funding, they nevertheless mention a general decrease. To...

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