Brussels, 03/02/2015 (Agence Europe) - On Wednesday 4 February, the European Commission will be unveiling a legislative proposal to increase the amounts of pre-financing made available by member states to promote youth employment rates.
A European Commission spokesperson stated “With this initiative, the Commission is responding to youth unemployment, which has reached an unacceptable level in the European Union”.
At the end of January, the European Commissioner for Employment and Social Affairs, Marianne Thyssen, put forward a proposal to increase pre-financing for the Youth Employment Initiative (YEI). Current rates are set at 1% and 1.5% for countries that are macro-economic adjustment programme beneficiaries (see EUROPE 11234). (MB)