Press Release: Youth employment initiative: Council closes funding gap

Summary:

On 21 April 2015 the Council of the European Union agreed to significantly increase advance payments under the youth employment initiative (YEI) to speed up the fight against youth unemployment.

Instead of about €67 million, member states would receive around €1 billion in 2015 as advance payments, allowing them to roll out quickly measures for youth employment.On 21 April 2015 the Council of the European Union agreed to significantly increase advance payments under the youth employment initiative (YEI) to speed up the fight against youth unemployment.

Instead of about €67 million, member states would receive around €1 billion in 2015 as advance payments, allowing them to roll out quickly measures for youth employment.

• Primary Source

ESO Records

ESO: Background information: Juncker Commission makes 1 billion euro available for the young unemployed http://www.europeansources.info/record/press-release-juncker-commission-makes-1-billion-euro-available-for-the-young-unemployed/

ESO: Background information: Special report No.3/2015: EU Youth Guarantee: first steps taken but implementation risks ahead http://www.europeansources.info/record/special-report-no-03-2015-eu-youth-guarantee-first-steps-taken-but-implementation-risks-ahead/

ESO: Background information: General Affairs Council, 21 April 2015 http://www.europeansources.info/record/meeting-general-affairs-council-21-april-2015/

European Commission: DG Communication: RAPID: STATEMENT/15/4898, 29.04.15: Statement by Commissioner Marianne Thyssen on the European Parliament vote on advancing 1 billion euro in pre-financing for the Youth Employment Initiative http://europa.eu/rapid/press-release_STATEMENT-15-4898_en.htm

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