Finally an answer to the hottest question of European youth today: How to make sure Juncker’s Investment Plan works for youth

ETUC Youth Committee & European Youth Forum Conference at the European Economic and Social Committee: "Quality jobs creation for young people: what, how and when?" (European Sting, 25/06/2015)

ETUC Youth Committee & European Youth Forum Conference at the European Economic and Social Committee: “Quality jobs creation for young people: what, how and when?” (European Sting, 25/06/2015)

It was last month, on 25 June 2015, that the ETUC Youth Committee in collaboration with the European Youth Forum organised a rather stimulating conference at the European Economic and Social Committee called “Quality jobs creation for young people: what, how and when?”

The Sting was there, attended the conference with interest and at the end made a critical question to the panel that was unfortunately left unanswered, as the panelists found some distinct difficulty in contemplating the critical matter in question. Mrs Marianna Georgalis though, Policy and Advocacy Coordinator at the European Youth Forum, embraced the timely significance of the question and was kind and brave enough to send us her stimulating answer in written, on behalf of the European Youth Forum:
The European Sting’s question made on 25 June 2015 at EESC by Panos Katsampanis, co-founder of the organisation:
“I think everybody agrees Juncker’s plan is good but not good enough. The same goes with the Youth Fuarantee. One can see EU’s effort to attract exterior additional funding on both programmes; Youth Guarantee: All4Youth Alliance programme, Juncker’s Plan: Invite of the biggest Chinese banks at the EESC a couple of weeks ago to discuss active and direct funding of regional projects and the EU to find a way to include this as external aid to Juncker’s investment plan framework. 
How will Juncker’s plan split in terms of investment in employment around the 28 members? e.g. Germany, Spain, Italy? Do we know if it will be diffused to the countries that suffer most from youth unemployment? Can we ensure this?
 
Last, but not least, there is one and only member state that has been excluded from Juncker’s plan. It’s the same country with the highest youth unemployment rates in Europe, Greece. What would you say to a young Greek today? Go to Germany?”
Marianna Georgalis, Policy and Advocacy Coordinator at the European Youth Forum answers:
Mrs Marianna Georgalis is Policy and Advocacy Coordinator at the European Youth Forum

Mrs Marianna Georgalis is Policy and Advocacy Coordinator at the European Youth Forum

The European Youth Forum has welcomed Juncker’s Investment Plan due to the potential it has to turn Europe back into a place of high employment, quality work, high competitiveness and innovation. This potential rests, however, on certain preconditions. The Investment Plan must prioritise investment that creates sustainable, quality jobs. In order to address the dire social situation of Europe, which is particularly negatively impacting the younger generation, the social dimension of the Investment Plan must be taken into consideration.

The Plan should also avoid fuelling already booming areas and make sure it supports overall balanced growth across all of Europe. The differences in unemployment levels across the EU (ranging from 4.8% in Germany, to 25.8% in Greece) can have long-term effects and must be addressed. That is why we have called for funds to be allocated bearing in mind unemployment levels in Member States in order to yield the best and most equitable job gains across the EU. According to the International Labour Organisation, if part of the funds were to be distributed according to Member States’ level of unemployment, focusing on countries with higher unemployment, total employment gains would be nearly 2 million. Moreover, the countries in greatest need would observe the highest increases in employment and, therefore, narrow the labour market gap across the European Union.

This would in one part alleviate a situation seen at the moment where in crisis-hit countries such as Greece, a large proportion of the country’s young working population is migrating to other countries in the EU to find employment. The Youth Forum believes that whilst intra-EU labour mobility can be a key way through which young Europeans can find employment whilst increasing their intercultural and personal skills, such mobility must be voluntary. With nearly half a million Greeks having left the country since the onset of the crisis, it is evident that forced mobility is very much a reality in Europe right now. This is an issue also because the portability of social rights is not currently guaranteed:  a young Greek or Spaniard moving to another Member State may not necessarily have access to the same social security rights as a young national of that country. This must be urgently addressed on the European level with properly coordinated social security systems in order to ensure a genuine and inclusive freedom of movement for young Europeans.

The Investment Plan, therefore, if used correctly, has the potential to restore equilibrium across European labour markets and to ensure young people are not being forced to leave their countries to find decent work. However, the feasibility of the Investment Plan lies, partly, in the hands of the Member States. The initial €21 billion reserve might not be enough to achieve the target of €315 billion of investment. And even if it is enough, there are varying doubts over whether this fund is enough to overturn the economy towards a more sustainable growth path. The European Youth Forum is urging Member States to commit more resources to the EFSI in order for it to reach and, if possible, go beyond its target level of investment, and actually make an impact on Europe’s economy and society.

The responsibility also lies with EU institutions and political leaders who must now demonstrate real leadership by making sure that the Investment Plan is implemented in a transparent way and its impact monitored objectively, especially taking into consideration the social impact and sustainable quality job creation. The bottom line is that if this Plan leads to furthering already existing inequalities, we would consider it a failure for the young generation.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

A Europe that Protects: Commission calls for decisive action on security priorities

How the diaspora is helping Venezuela’s migration crisis

GSMA Mobile 360 Series – Latin America, in association with The European Sting

1 million citizens try to create a new EU institution

Can free trade deliver cheaper renewable energy? Ask Mexico

On the first day of 2019, over 395,000 babies to be born worldwide: UNICEF

Qualcomm to be the next target of EU antitrust regulators? China might be the answer

Scoring for the environment: what Mathieu Flamini’s top-flight football career taught him about leadership

CEOs in these countries are more likely to go with their gut

Pandemic mental health: the urgency of self-care

Financing fossil fuels risks a repeat of the 2008 crash. Here’s why

Changing how we produce and consume: New Circular Economy Action Plan shows the way to a climate-neutral, competitive economy of empowered consumers

Your smartphone may know more about your mental health than you

Future Forces Forum: Prague will be hosting the most important project in the field of Defence and Security

Gig workers among the hardest hit by coronavirus pandemic

EU budget: Reinforcing Europe’s cultural and creative sectors

Stepped-up efforts needed to combat pneumonia; save nearly nine million children’s lives

COVID-19: What to know about the coronavirus pandemic on 6 April

Brexit and migration dominates the debate on October’s EU summit

EU-Turkey relations: Will Turkey manage to revive the EU accession process talks?

European Semester Autumn Package: Creating an economy that works for people and the planet

Burundi: Inclusive dialogue ‘only viable option’ for resolving country’s political crisis says, UN envoy

EU Youth Conference in Amsterdam: enabling young people to engage in a diverse, connected and inclusive Europe

Africa-Europe Alliance: first projects kicked off just three months after launch

Here are 4 of the most politically charged World Cup games ever played

This chart shows the total number of COVID-19 cases and recoveries so far

Supporting the recovery: MEPs adopt budget priorities for 2021

This is how the Western Balkans will become more innovative

EU out to conquer African Union summit

Nearly half a billion people can’t find decent work; unemployment set to rise: new UN labour report

With potential to boost profits by up to 20 per cent, a woman’s place is at work, says UN labour agency

Junior Enterprises as a solution for Youth Entrepreneurship

Spring 2019 Economic Forecast: Growth continues at a more moderate pace

UN chief condemns suspected Boko Haram attacks targeting Eid al-Fitr celebrations in Nigeria

IMF: The near-term outlook for the U.S. economy is one of strong growth and job creation

Capital Markets Union: Making it easier for insurers to invest in the real economy

Germany loves a strong euro; the new Fiscal Councils can deliver despite the Greek chaos and a wider questioning of austerity

Can Greece’s devastating economy deal with the migration crisis?

Do men and women really have different leadership styles?

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

New identity cards deliver recognition and protection for Rohingya refugees in Bangladesh

Indonesian tsunami death toll climbs over 400 as Government-led relief efforts are stepped up

These 11 EU states already meet their 2020 renewable energy targets

International Court of Justice orders Pakistan to review death penalty for Indian accused of spying

Mother of all mergers between Facebook Messenger, WhatsApp and Instagram: EU Data Privacy restrictions against Facebook’s imperialistic plans

Antibiotics are contaminating the world’s rivers

New ECB boss quizzed for the first time by Economic Affairs Committee

MEPs back update of rail passenger rights across EU

Batteries included: how better storage can transform renewable energy

Venezuelan crisis: MEPs reaffirm their support for Juan Guaidó

‘Reasons to hope’ for sustainable peace in Central African Republic – UN Mission chief

Four million Syrian children have only known war since birth: UNICEF

Germany fears that Americans and Russians want to partition Europe again

Radio still a powerful worldwide tool for ‘dialogue, tolerance and peace’: Guterres

More women and girls needed in the sciences to solve world’s biggest challenges

Stronger partnerships with post-conflict countries needed to ensure ‘path towards durable peace’: UN chief

I accidentally went viral on TikTok. I learned we failed our youngest generation.

Code of Practice against disinformation: Commission calls on signatories to intensify their efforts

To retire at 65, American millennials need to save almost half their paycheck

New EU rules cut red tape for citizens living or working in another Member State as of tomorrow

More Stings?

Advertising

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 )

Connecting to %s