Friday February 27, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
European Commission tackles youth joblessness, with 517 million euros slated for Greece

The European Commission on Tuesday announced a series of measures aimed at tackling burgeoning youth unemployment in the 27-nation bloc, which in March reached 5.7 million young persons, or 23.5 percent, according to data from Eurostat, Europe's statistical service.

Under the new program, Greece is slated to receive 517 million euros, according to Tuesday's announcement.

The plan is intended to promote youth employment, training and entrepreneurship, and targets nearly 350,000 young people, the Commission said.

The Greek government has already launched several initiatives to combat joblessness among the country's young people, which shot to a record 64 percent in February, with EU funding worth approximately 47 million euros. These include temporarily hiring young unemployed (up to 35 years old) in community-based work programs in the cultural sector as well as the provision of support to social structures aiming at combating poverty and social exclusion for the recruitment of young unemployed.

The Commission added that preparations are also in the final stretch for following schemes that are part of its action plan (approximately 146 million euros in EU funds): a so-called voucher for entrance in the labor market, which combines training with a five-month job placement in enterprises and targets 45,000 young unemployed up to 29 years old; and blended theoretical and on-the-job training for 1,000 young unemployed seamen up to the same age limit (implementation of the above schemes is expected to start in the course of June).

According to Eurostat, the youth unemployment rate in March was 23.5 percent in the EU-27 and 24 percent in the euro area, relatively stable over the month, but up by respectively 0.9 percentage points and 1.5 percentage points compared to March 2012. The lowest rates were observed in Germany and Austria (both 7.6 percent), The Netherlands (10.5 percent), and the highest in Greece, Spain (55.9 percent), Italy (38.4 percent) and Portugal (38.3 percent).

In February 2012, the European Commission introduced action teams composed of national and Commission officials for the eight member states with the highest levels of youth unemployment (Greece, Ireland, Italy, Latvia, Lithuania, Portugal, Slovakia and Spain) to mobilize EU structural funding (including from the European Social Fund) still available in the 2007-2013 programing period to support job opportunities for young people and to facilitate small and medium-sized businesses gain access to finance.

ekathimerini.com , Tuesday May 28, 2013 (16:18)  
Govt official: bill reinstating ERT, rehiring staff to go to Parlt on March 5
Govt adviser suggests Greek MPs could vote on deal in separate bills
German lawmakers approve extension of bailout program for Greece
Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
ANALYSIS
Restive Bundestag to approve Greek bailout extension
Germany's parliament will vote on Friday on the extension of Greeces bailout by four months and will duly back it though we can expect some grumbling from a clutch of lawmakers. Angela Merk...
German MPs begin debate on extending Greek bailout program
German lawmakers began debating an extension of Greeces bailout, with the measure expected to pass as Chancellor Angela Merkels coalition musters its overwhelming majority in parliament. F...
Inside Business
SOCCER
Ten-man Olympiakos couldnt overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
BASKETBALL
Greens lose at Maccabi but preserve head-to-head advantage
Panathinaikos suffered its third loss in eight games at the second stage of the Euroleague going down 73-70 at Maccabi Tel Aviv on Thursday, but has preserved its better head-to-head record ...
Inside Sports
COMMENTARY
A breath of opportunity
We are still living in the Greece we know: The government is struggling to explain its retreat in the face of our creditors, the opposition (including dissidents in SYRIZA) smells blood, we ...
EDITORIAL
Give the green light
Foreign investment is a crucial component of economic recovery and Greece needs to start bringing it in fast. Instead, the government, like others before it, is scaring it off in a bid to sa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Govt official: bill reinstating ERT, rehiring staff to go to Parlt on March 5
2. Govt adviser suggests Greek MPs could vote on deal in separate bills
3. German lawmakers approve extension of bailout program for Greece
4. Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
5. Restive Bundestag to approve Greek bailout extension
6. German MPs begin debate on extending Greek bailout program
more news
Today
This Week
1. Tsipras reversal draws Greek sympathy as party rumblings rise
2. German MPs begin debate on extending Greek bailout program
3. Restive Bundestag to approve Greek bailout extension
4. German lawmakers approve extension of bailout program for Greece
5. Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
6. Gov't adviser suggests Greek MPs could vote on deal in separate bills
Today
This Week
1. Greece prepares extension request for eurozone approval
2. Time for Alexis Tsipras to keep his nerve
3. Stubborn but not almighty
4. Greek bailout deal faces review by euro officials next week
5. Greece says eurozone deal won time as cash bled from banks
6. The ignorance of the West about the culture of Islam
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.