Merkel admits EU’s youth unemployment initiative has been a failure

During the EU's Council summit on the 27 June 2014, German Chancellor Angela Merkel admitted that the EU's Youth Employment Initiative (YEI), launched a year before, had so far been a failure.

EurActiv reported on the 07 July 2014 that the Swedish government had “locked” €118 million worth of EU money made available for Sweden under the EU’s YEI because it could send the country’s finances above the agreed EU deficit limit.

ESO: Background information: European Council, Brussels, 26-27 June 2014 http://www.europeansources.info/record/european-council-brussels-26-27-june-2014/

ESO: Background information: EU's ‘Youth Guarantee’ scheme slacking http://www.europeansources.info/record/eus-youth-guarantee-scheme-slacking/

ESO: Background information: Youth Employment Initiative http://www.europeansources.info/record/youth-employment-initiative-2/

EurActiv, 07.07.14: Youth Guarantee funds 'locked' in Sweden http://www.euractiv.com/sections/social-europe-jobs/youth-guarantee-funds-locked-sweden-303326

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