Juncker Investment Plan for Europe welcomed by European Youth Forum

eyf logoBrussels, 16th April 2015 // The European Youth Forum has welcomed the European Commission’s Investment Plan for Europe because of the potential it has to increase youth employment. In its reaction today ahead of the next step[1] in the European Parliament for the Investment Plan, the Youth Forum warns, however, that the Plan must tackle inequality and create good quality jobs for young people. 

More than five million young people are unemployed in Europe and, therefore, the European Youth Forum has high hopes for the Investment Plan and the potential that it has to turn Europe back into a place of high employment, quality work, competitiveness and innovation. This will benefit not just a generation of young people, but also society as a whole. In 2011 for example, the economic loss due to the exclusion of young people from the labour market was €153 billion.

The Youth Forum welcomes the increase in investment as it believes that investment, which has dropped significantly (by 15%) since its peak in 2007, is currently at a level which is too low to effectively fight unemployment. Youth unemployment, in particular, remains at unacceptably high levels, leading to growing rates of poverty and exclusion of young people and an increase in inequalities.

The Youth Forum calls for the Investment Plan to lead to the creation of sustainable jobs of good quality. A recent report[2] found that if projects for investment are carefully selected then 2.1 million new jobs could be created by 2018. Such projects should consider the long-term potential and the development of young people, for example by investing in the fields of education, research and innovation.

The Youth Forum also calls for:

 ·       Member States to commit more resources to the European Fund for Strategic Investment, in order to achieve the target of €315 billion;

·       The social impact of projects to be taken into consideration by the Selection Committee;

·       Funds to be allocated according to unemployment rates in Member States, in order to decrease inequality;

·       The Plan to be implemented in a transparent way and its impact monitored objectively.

Johanna Nyman, President of the European Youth Forum, said

“The Investment Plan must turn the tide of inequality! It offers Europe an unparalleled chance to pull young people out of the difficult situation that they have been in for far too long and to give them the hope of a decent job. In order to do this, funds must be targeted carefully and Member States need to be fully behind the Plan and give the resources necessary in order to ensure that young people are not again disproportionately hit when times get tough!

 “We are concerned that in the political bickering during the ongoing process of agreeing the funding for the Investment Plan, vital schemes for Europe’s young people, such as Erasmus+, may be jeopardised. Funding for the Investment Plan must not come from such schemes.”  

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

MWC 2016 LIVE: Telenor CEO calls on operators to embrace Mobile Connect initiative

For the future of Europe youth remains a priority

Global Talent – Professional Internships

ECB asks for more subsidies to banks

Assembly of European Regions @ European Business Summit 2014: The European regions on the path to recovery

Alexis Tsipras ready to test Eurozone’s political sturdiness; Up to what point?

What the G7 wants to do in eastern Ukraine

Can ECB’s €60 billion a month save Eurozone?

The third bailout agreement for Greece is a done deal amid European economies full of problems

Whose interests are protected by the new Mortgage Directive?

Ahead of State of the Union the European Youth Forum highlights lack of action on youth employment

One more country to test the EU project: Kaczynski’s Poland

Facebook and Google to treat Europe as the 51st State of the USA

Teamgum @ TheNextWeb 2014

Trump stumbles badly on his Russian openings; Europeans wary of Putin

International World Summit Award calls for outstanding digital applications with impact on society from 178 UN member states

Germany tries to save Europe from war between Ukraine and Russia

World Retail Congress announces Dubai 2016 Hall of Fame Inductees

Prevent future crises and empower youth – now!

Can We(esterners) ever understand (the) Chinese

How Germany strives to mold ECB’s monetary policy to her interests

Commission goes less than mid-way on expensive euro

Britain and Germany change attitude towards the European Union

Why youth unemployment is so difficult to counter

No hard drivers in sight to remodel the stagnating affairs of the EU

Facebook wins EU approval for WhatsApp acquisition; just a sign of the times

EU: Huge surplus in the trade of services with the rest of the world

“If they think they can slave an entire nation, then they will just have the opposite results!”, Alexis Tsipras cries out from the Greek parliament

2013, a Political Odyssey: What future for Italy?

When will Eurozone’s unemployment rate stop being Europe’s worst nightmare?

Why education and accountability are important for developing countries?

Lithuania needs to get rid of the victim mentality

EU and India re-open talks over strategic partnership while prepare for a Free Trade Agreement

Trying to cure bank cancer with analgesics

EU Budgets: Europe hoping for Xmas gifts

Why the ECB suddenly decided to flood banks with money?

EU growth in 2015 to be again sluggish; Can the Juncker Commission fight this out?

China is now heavily endorsing its big investment flow in the Central Eastern European (CEE) countries

To my Chinese friend

“No labels for entrepreneurs!”, a young business leader from Italy cries out

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

“Hasta la vista” Google says to Spain and now Europe is next?

Eurozone: Economic Sentiment Indicator recovering losses

European banking stress tests 2014: A more adverse approach for a shorter banking sector

European Youth Forum welcomes strong stance on human rights in State of the Union

The EU lets the bankers go on rigging the benchmarks

The European Sting @ the European Business Summit 2014 – Where European Business and Politics shape the future

Connectivity and collaboration in the ICT industry: the key to socio-economic development

EU–US: What is the real exchange in a Free Trade Agreement?

China’s 13th Five Year Plan and the opportunities for Europe

A Sting Exclusive: “Change is challenge, change is opportunity”, Commissioner Bienkowska cries out live from European Business Summit 2015

Junker for Commission President: What were the stakes in this affair

ECB with an iron hand disciplines the smaller Eurozone member states; latest victim: Greece

Trump enrages the Europeans and isolates the US in G7

COP21 Breaking News_12 December: Another sleepless night for the negotiators before Indaba meeting

The developing countries keep the world going

Deutsche Bank chased away from US, threatened with more fines

After Brexit and Grexit, Brussels to deal with Poloust

A Sting Exclusive: why the environment is important to your health, by UNEP’s Head for Europe

The US + Britain trivialize mainland Europe, NATO and the EU

More Stings?

Trackbacks

  1. […] in Vietnam joined hands with Channel NewsAsia as a research Partner for the recent Business Insights Forum held on 22nd May 2014. Invited on the Industry panel of experts for the Forum was KPMG in Vietnam […]

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s