The 28 EU leaders care more about fiscal orthodoxy than effectively fighting youth unemployment

Last week the European Court of Auditors (ECA) published a report on the “risks to the successful implementation of the EU Youth Guarantee”. The ECA review, while noting that according to the Commission the available funding for this much advertised EU project is estimated at €16.7 billion for the 2014-2020 period including national resources, it […]

Commission: Gifts of €6 billion and free trainees to ‘help’ poor employers

This newspaper feels fully vindicated after yesterday’s announcement issued by the European Commission, stating that the EU’s executive arm is proposing a Council recommendation which will institutionalise a Quality Framework for Traineeships. This was a badly needed decision in view of the upcoming application of the widely advertised €6 billion Youth Guarantee scheme, which promises […]

EU to spend €6 billion on youth employment and training futile schemes

Yesterday the European Sting observed that the European Council of 27-28 June had no purpose. The truth is that the two crucial issues which haunted all the EU institutions for months were solved elsewhere. Firstly, the agreement on the draft directive for bank resolution and recovery was struck at the Ecofin council during the first […]