EU wants to combat unemployment in Europe

By: TogetherAbroad 08-03-2012 3:54 PM
Categories: * Daily employment news,

AMSTERDAM – The European Union has plans to create jobs and encourage economic growth. This became clear from a document of the European Council, which was discussed during the Euro summit on Monday. This document is in the hands of Dow Jones Newswires.

Amongst other things, the EU is looking to combat youth unemployment and providing loans to small businesses by using unused EU funding. These funds could be used to combat unemployment by creating internships, training and education. According to the plans, EU member states which have the highest number of youth unemployment will be offered ‘large-scale support programmes to get youths back to work’.
Business

Another important point is the financing of small businesses in order to combat the effects of the credit crunch. This goal could be reached by for instance improving the use of structural EU funding for the support of small businesses. Also an increase in the loan capacity of the European Investment Bank could stimulate giving out loans to small businesses.
Socially

The concept also states that there are no ‘quick solutions’ for the European debt crisis and EU members will have to focus on giving guarantees on ‘financial stability and fiscal consolidation’. The emphasis, however, is mainly on improving economic growth by creating jobs, protecting social structures and ensuring citizen wellbeing.
Strict rules

It is not yet clear whether or not it is actually possible to use these unused funds for other purposes than was initially intended because there are strict rules in place regarding the number of funds that may actually be used.

Source Novum

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