On Wednesday February 4 Marianne Thyssen proposed to significantly raise pre-financing for its Youth Employment Initiative. Participating Member States will be able to receive up to 30 times more than the previous 1-1.5% rate. This will release up to 1 billion euros that could help up to 650,000 Europeans under the age of 25 to get into work, faster. The European Parliament and the Member States now have to approve a much-welcomed initiative.
On Wednesday February 4, Marianne Thyssen, the European Commissioner for Employment, Social Affairs, Skills and Labour Mobility proposed accelerating its pre-financing of Youth Guarantee schemes (c.f. article No. 120717). “Currently pre-financing for National programs is 1.5%, I want to raise this to 30%.” This means effectively releasing almost 1 billion euros from the 6.4 billion allocated to the Youth Guarantee schemes so that the Member States can quickly implement their programs that have
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