Half of the funding for the Youth Employment Initiative would come from the European Social Fund, which the EU uses to promote full employment, enhance productivity and quality at work, increase workers' mobility within the Union, improve training and education as well as promote social inclusion. The fund is about to be renewed for the years 2014-2020.
Adopted changes
Under the original proposal, the youth guarantee would only apply to young people aged 15-25 living in regions with a youth unemployment rate of more than 25% in 2012
The employment committee proposes to extend it to young people up to 30 living in regions with a youth unemployment rate of more than 20%, meaning that many more people will be able to qualify.
Next steps
The proposal for a Youth Employment Initiative will still need to be approved by all MEPs during a plenary session as well as by the Council before it can enter into force.
REF. : 20130419STO07453
