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

Featured Stings

Half the world’s population is still offline. Here’s why that matters

How can consumers be effectively protected from insurance sellers?

GREXIT final wrap-up: nobody believed Aesop’s boy who cried wolf so many times

Ercom, cutting-edge Telco solutions from Europe

EU budget: Boosting cooperation between tax and customs authorities for a safer and more prosperous EU

The vicious cycle of poverty and exclusion spreads fast engulfing more children

The global economy isn’t working for women. Here’s what world leaders must do

European Confederation of Junior Enterprises hosts in Geneva the Junior Enterprise World Conference

Schaeuble wants IMF out and bailouts ‘a la carte’ with Germany only to gain

Eurozone banks to separate risky activities: Can they stay afloat?

EU Commission closer to imposing anti-dumping duties on Chinese solar panel imports?

Parliament sets up plan to fight the 3,600 criminal rings of EU

Force used against protestors in Gaza ‘wholly disproportionate’ says UN human rights chief

Germany objects to EU Commission’s plan for a Eurozone bank deposits insurance scheme but Berlin could go along

A day in the life of a refugee: the wait

Future EU farm policy: Agriculture MEPs urge fair funding, no renationalisation

Is a full course lunch, a new Commissioner and 2 million anti-TTIP citizens what you would call a “Fresh Start”?

The reason the world showed limited empathy to the Orlando victims

Does the world have strong enough institutions to handle risks like Trump and Brexit?

Economic sentiment and business climate stagnate in miserable euro area

Refugee crisis: Commission proposes a new plan urging EU countries to help Italy

Italian elections: a long political limbo is ahead

EU leads the torn away South Sudan to a new bloody civil war

EU elections: The louder the threats and the doomsaying the heavier the weight of the vote

Artificial Intelligence has a gender problem. Here’s what to do about it

Can Kiev make face to mounting economic problems and social unrest?

Why lay people don’t expect anything good from G20

Why France, Italy and the US press Germany to accept a cheaper euro and pay for Greece

IMF’s Lagarde: Ukraine must fight corruption

Nature is our strongest ally in ensuring global water security

Reflections on the the biggest refugee crisis since World War II

EU security and defence industry prepares positions for ‘producers’ and ‘customers’

We can build a carbon-neutral world by 2050. Here’s how

Tourism offers much to the EU gets a little

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

Merry Christmas from Erdogan, Putin, Mogherini and the Polish firefighter

Politics needs to “Youth UP” in order the ensure the future of our democracies

TTIP is not dead as of yet, the 15th round of negotiations in New York shouts

Benjamin Franklin was wrong: Amazon can tax evade

The EU lets the bankers go on rigging the benchmarks

Everyone has ‘a moral imperative’ to uphold the rights of persons with disabilities, says UN chief

A Brussels antithesis reveals where the EU is heading

The opportunity of studying Medicine abroad

Professional practices of primary health care for Brazilian health and gender inequality

Mining the deep seabed will harm biodiversity. We need to talk about it

The US may be “open” to reviving TTIP, while the EU designs the future of trade with China

At last a solid base for the European Banking Union

IMF: The global economy keeps growing except Eurozone

EU Trust Fund for Africa: Can it be beneficial for Italy and tackle the migration crisis in the Mediterranean?

The cuts on 2014 Budget will divide deeply the EU

Income inequality threatens the socio-political structures in developed countries

The US banks drive the developing world to a catastrophe

GSMA announces speakers for Mobile 360 Series-West Africa

Greece at the mercy of ECB while sailing through uncharted waters

Further reforms needed for a stronger and more integrated Europe

France pushes UK to stay and Germany to pay

Lack of investment and ambition means Youth Guarantee not reaching potential

Capital markets selloff: The financial moguls send messages to monetary authorities

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 )

Google+ photo

You are commenting using your Google+ 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 )

w

Connecting to %s