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HomeEmploymentYouth guarantee schemes at Plenary debate in Strasbourg Parlament
Youth unemployment rate in the Eurozone is near 24%

Youth guarantee schemes at Plenary debate in Strasbourg Parlament



The cost of programmes designed to help young people get a job, education or training stands at less than 0.5 per cent of government spending in the Eurozone, according to an International Labour Organization (ILO) report issued on past Wednesday 11 July. The rewards, however, are a lot higher.

Implementing such a “youth guarantee” programme across the Eurozone would cost no more than 21 billion euros, the ILO’s International Institute for Labour Studies said in the study published on Wednesday 11 July 2012 entitled Eurozone Job crisis: Trends and policy responsesThe cost is “a modest figure vis-à-vis expected benefits.”

The youth unemployment rate in the Eurozone was near 24 per cent as Eurostat Most recent data. It was near 55 per cent in Greece and Spain and exceeded 30 per cent in Italy, Portugal and Slovakia.

The key points of this debate Plenary session at  trasbourg include this nine:

Credit rating agencies. MEPs will vote on legislation to make credit rating agencies fairer and more accountable, through restricting the timing of sovereign debt ratings, requiring more detailed explanations and allowing investors to claim damages for ill-founded assessments. (Debate Tuesday, vote Wednesday)

Stability bonds. Parliament will vote on a resolution urging the Commission and member states to explore the possibility of introducing Eurobonds, as well as all other avenues to pool sovereign debt.  (Debate Tuesday, vote Wednesday) 

Council Presidency handover. Parliament will review Cyprus´ Presidency of Council with President Christofias and debate current priorities with Taoiseach Enda Kenny, as Ireland takes the helm. (Debates Tuesday and Wednesday)

Youth guarantee schemes. Employment ministers should ensure all young people get a job, education or internship offer after four months´ unemployment, according to a draft resolution to be put to a vote.(Debate Monday, vote Wednesday)

Austrian Chancellor. Austrian Chancellor Werner Faymann is the latest EU leader to take up an invitation by EP President Schulz to address plenary. He will debate with MEPs on the future of the European Union, the economic and financial crisis and the EU budget for 2014 to 2020. (Tuesday)

Syria. Escalating violence in Syria and UN and Arab League joint efforts to secure its transition to democracy will be debated by political group leaders and EU foreign policy representatives. (Debate Wednesday)

Parliament´s 2013 calendar. MEPs have to approve a new calendar with 12 plenary part-sessions to be held in Strasbourg in 2013, following the European Court of Justice recent ruling. (Vote  Wednesday)

President´s diary. President Schulz will hold a press conference with President Christofias on the outgoing Cypriot Presidency on Tuesday, and another with Taoiseach Enda Kenny on Ireland´s priorities on Wednesday. On Friday he will meet Chancellor Angela Merkel in Germany. 

Pre-session press briefing. The EP Press Service and political group spokespeople will hold a press briefing on Monday at 16.30. (EP Press conference room, Strasbourg)

Of interest