Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o 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)  
Merkel rejects debt writedown for Greece
US to work closely with Greece and EU to resolve differences, says White House
Judges´ report on Golden Dawn case expected next week
Karamanlis, Bakoyannis discuss ND´s future
Greek markets plunge as SYRIZA digs in on challenge to austerity
Greece’s government bonds and stock market plunged in the week after the election of Syriza, the political party whose vow to renegotiate debt obligations and roll back austerity measures ha...
Greek bank debt plummets as investors head for the exit
The price of Greek bank debt hit all-time lows this week, shutting off their access to wholesale funding and increasing their reliance on central bank funding. Greek lenders that enjoyed som...
Inside Business
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldn´t buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
“SYRIZA must realize that it is now the Greek government, not a party running an election campaign,” European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek markets plunge as SYRIZA digs in on challenge to austerity
2. Greek bank debt plummets as investors head for the exit
3. Merkel rejects debt writedown for Greece
4. US to work closely with Greece and EU to resolve differences, says White House
5. Panathinaikos preserves perfect home record
6. Increase in minimum salary is left aside for now
more news
Today
This Week
1. Merkel rejects debt writedown for Greece
2. US to work closely with Greece and EU to resolve differences, says White House
3. Greek bank debt plummets as investors head for the exit
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
6. Why Greece went left while Europe turns to right
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
6. EU must accept that Greek debt relief is inevitable
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.