BUSINESS
The EC plans to invest at least 22 billion EUR in support of youth employment - Economo
BUSINESS

The EC plans to invest at least 22 billion EUR in support of youth employment - Economo

Published: July 2, 2020  |  3 min read, 621 words
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The European Commission (EC) will allocate at least 22 billion EUR to support youth employment under the new budget for the period 2021-2027.The Commission today proposed funding through the NexGenerationEU instrument and the future EU budget. The funds will support the “Youth Guarantee”, created 7 years ago in the midst of the debt crisis, when unemployment among young people under the age of 29 rose to significant levels.Since then, the unemployment rate in the 15-29 age group has decreased significantly but is still significantly higher than total unemployment – just under 16%.Against... READ MORE
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