| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/09/859 (03.06.09) |
| Publication Date | 03/06/2009 |
| Content Type | News |
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On 3 June, 2009, the EU announced it will make available €19 billion of planned European Social Fund expenditure to support people hit by the economic crisis. The EU will also frontload funds and co-financing by Member States will not be necessary for 2009-2010. Together with the European Investment Bank Group and other partners, a new EU loans facility will be set up to provide micro-credits for those who would usually have difficulty accessing the necessary funds to set up a business or micro-enterprise. The 'EU Shared Commitment for Employment' put forward key priorities and actions to preserve jobs and help those facing difficulties while paving the way for recovery. The objective is for all relevant actors, trade unions and employers' organisations, as well as Member States and the EU to work together to deliver on this commitment. The proposals will be presented to EU leaders for their agreement at the European Council on 18-19 June. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/859&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Employment and Social Affairs |
| Countries / Regions | Europe |
