Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-362-992"
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"en.20120215.18.3-362-992"2
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"I welcome the emphasis in this report on the idea of a European Youth Guarantee, ensuring that within four months of leaving education or becoming unemployed, every young person is offered a job, an apprenticeship, additional training or combined work and training. The preliminary results of a recent study by the European Foundation in Dublin indicated that 13% of all 15-24 year olds (7.5 million people) were not in employment, education or training (NEETS) in 2010. This costs all our societies EUR 100 billion annually in lost earnings and social transfers – 1% of our combined GDP (and 2.1% of Irish GDP). Getting just 10% of these 7.5 million young people into the labour market would save more than EUR 10 billion annually. The social democratic parties of Austria and Finland have led the way by introducing a Youth Guarantee. Their measures are producing results. The forthcoming March European summit should now make progress towards a European Youth Guarantee, using ESF funding. If we are to make our way out of the economic crisis, job creation, particularly for young people, has to be our first priority, and a European Youth Guarantee clearly has a role to play here."@en1
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