Brussels, 13/06/2013 (Agence Europe) - On 12 June, the European Youth Forum (EYF) welcomed the “strong commitment” of the European Parliament to genuine investment in youth employment and calls on the upcoming European Council to ensure further measures tackle the issue. “If we don't take effective action now we will bankrupt Europe's future”, warned Peter Matjasic, the Forum president. On 12 June, the European Parliament adopted a resolution on European action for tackling youth unemployment ahead of the forthcoming European Council on 27-28 June 2013. The EYF supports the call for investment in youth employment as part of national social investment strategies, and calls on the Commission to exclude from deficit targets the investments in job creation, education, training and research. The EYF also shares the concerns expressed by the European Parliament regarding implementation of the youth employment initiative and the need for a review of its financial allocation within the multiannual financial framework. This is why it is calling on the European Council to supplement the initial €6 billion, with additional national sources of funding and fully supports the extension of the target beneficiaries to young people up 30 years, as proposed by the European Parliament. (IL/transl.fl)