At the latest European summit, the European heads of State and government decided to adopt a “comprehensive approach” to combat youth unemployment in order to realize the “Youth Guarantee.” €6 billion will be dedicated to these initiatives in the two years to come. The European leaders also set up a new investment plan to finance SMEs, which are really having a hard time getting loans. These decisions were made as part of the 2014-2020 budget adopted overnight, which amounts to €960 billion. (Ref. 130439)
A concrete answer to urgency. The summit’s conclusions don’t provide revolutionary measures but the promise of quickly enforcing initiatives that have already been in the offing for 2014-2020, “anticipating and quickening the budget for youth employment initiatives,” “implementing the Youth Guarantee faster” and “improving youth mobility.” Suggested by several countries, including France and Germany (see article No. 130354), the idea of implementing these reforms faster met general...
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