Monday,27 June 2022
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More funds to fight youth unemployment

Spain will receive 2 billion euros to boost jobs for young people


The total amount that the EU is planning on spending on the problem, assuming that the plan is approved by the European Council this week, is expected to reach six billion euros.

Báñez made the announcement after meeting on Monday with the prime minister, Mariano Rajoy, and the leaders of Spain’s main labor unions in the Moncloa palace. According to government sources, Spain is likely to receive between 800 and 900 million euros a year from the program. To secure these funds, and to try to get the plan underway by 2014, Báñez said Spain was planning to “fight the good fight” at this week’s European Summit.

Unemployment in Spain currently stands at around 27 percent of the active population. Meanwhile, even more worryingly, 57 percent of Spanish youngsters are without work, a fact that has led to an exodus of young professionals who feel they have little real chance of finding a job at home.

After Monday’s meeting, the principal union representatives said they were skeptical ahead of the European Summit, which will be held in Brussels on June 27 and 28, because they believe that priority issues for workers and citizens within the EU will not be addressed.

Source: El País

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