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Merkel – EU’s youth unemployment initiative doesn’t work

During the EU’s Council summit, German Chancellor Angela Merkel Capture d’écran 2014-07-01 à 08.27.11admitted during the EUs Council summit that the EU’s Youth Employment Initiative YEI, launched a year ago, has so far been a failure.

Asked by journalists during her press conference Friday afternoon 27 June, Merkel said that youth unemployment is “clearly” one of the areas that needs to work better in the EU.

Youth unemployment has been emphasised as one of the next Commissions key priorities together with energy security, strengthening the monetary union, foreign policy, and migration.

Between 2007 and 2013, youth unemployment reached record highs across Europe, dramatically increasing from 15.7% to 23.4%, according to Eurostat. Currently, around 5.6 million young Europeans are jobless. In some countries, youth unemployment rates have reached critical levels, such as in Spain 55.5% and Greece 58.3%.

Chosen excerpts by Job Market Monitor. Read the whole story at Merkel admits EUs youth unemployment initiative has been a failure | EurActiv.

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