Friday November 28, 2014 Search
Weather | Athens
16o C
10o 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)  
Venizelos extends invite to Turkey at start of visit
Vatopedi trial for 14 suspects
New proposals on way to troika
Cabbie who carried shooter claims he was threatened
Q3 growth was bigger than thought
The provisional seasonally adjusted statistics for the Greek economy in the third quarter put annual growth at 1.6 percent, against an original estimate for 1.4 percent, according to a state...
Who will pay for the states ADMIE stake?
The state is currently unable to pay the amount required for the acquisition of a 34 percent stake in the countrys Independent Power Transmission Operator (ADMIE), as provided for in a plan...
Inside Business
SOCCER
PAOK is one win from Europa Leagues last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
BASKETBALL
First defeat for Olympiakos in Euroleague
Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. Th...
Inside Sports
COMMENTARY
Change of US president wont mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Venizelos extends invite to Turkey at start of visit
2. Vatopedi trial for 14 suspects
3. New proposals on way to troika
4. Cabbie who carried shooter claims he was threatened
5. Govt urged to allow Syrian refugees to move on
6. Man accused by MP denies kickback claims, ND links
more news
Today
This Week
1. Change of US president won't mean change of foreign policy
2. Greek economy expands 0.7 pct q/q in Q3
3. Child molester suspect photo released by police
4. Lebanese FM: Cyprus may be jihadi transit point
5. Athens water supply 9-month profit falls 45 pct on lower charges
6. Armed man arrested on Thessaloniki campus
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.