Policy brief A European Fund for Youth Employment Given the deepening youth unemployment in Europe, this issue of La Note d’analyse suggests to set-up a European Fund for Youth Employment. Its aim would be to enhance both efficiency in channelling the funds and solidarity between member States in addressing the crisis. Published on : 25/06/2013 Mis à jour le : 12/01/2025 Temps de lecture 2 minutes The dramatic rate of youth unemployment in Europe is an undisputed fact. The risk of a lost generation, notably in Southern Europe, is now a plausible scenario. The current situation is also hazardous at a political level, as it runs the risk of delegitimising the public authorities, including the EU institutions, in the eyes of young people. While the increasing qualifications of young people impacts competitiveness, unemployment is affecting them as a whole, including the most highly qualified. Moreover, because the persistence of unemployment at the end of initial training devalues qualifications, this could also lead to an increase in long-term structural unemployment, thus penalising the future growth of Europe and potentially weakening the viability of the Eurozone. Since the beginning of the crisis, governments have taken action at both national and EU level to mitigate its effects on young people. Given the deterioration of the situation, new initiatives have been proposed to accelerate the implementation of these actions. At the European level, two proposals have attracted much interest: Firstly, the Youth Employment Initiative proposed by the Commission and validated by the European Council on 7 and 8 February 2013. Secondly, the Franco-German initiative for the employment of young people known as "New Deal for Europe", launched on 28 May 2013. In financial terms, these initiatives involve the rapid deployment of funds, notably from the European Social Fund (ESF). Although these funds supplement the efforts already undertaken at national level, they are nevertheless subject to two limits: their effectiveness would be undermined if they relied on the same mechanisms of allocation and management as those of the ESF;the inherent solidarity of the ESF would be insufficient in view of the difficult situation of the most affected countries. Partager la page Partager sur Facebook - nouvelle fenêtre Partager sur X - nouvelle fenêtre Partager sur Linked In - nouvelle fenêtre Partager par email - nouvelle fenêtre Copier le lien dans le presse-papier Téléchargement A European Fund for Youth Employment Download the full document PDF - 3 584.2 Ko Topics Compétitivité Finances publiques Emploi/chômage Published by France Stratégie Authors Mohamed Harfi Quentin Delpech Reference Reference Fermer Reference dzs dzds Copier Autres options d'export Version FR More Growth Declines Are Often Abrupt In the 1960s, France’s economy was growing fast. Having successfully recovered from World War II, it had embarked on comprehensive... Productivity Competitivity Articles 18 September 2015 Financial Innovation and The State - Lessons for 21st Century Climate Finance from the 19th Century Railways Era: Extended Summary By Dipak Dasgupta (Board Member of Global Climate Fun, India) - This paper seeks to bring a historical perspective to current glob... Climate change Public Finance Articles 01 October 2015 The EU’s Refugee Crisis The EU is confronted with an unprecedented influx of refugees. France Stratégie policy analyst Cécile Jolly explains the context o... Public Finance Public action Articles 12 May 2016
Growth Declines Are Often Abrupt In the 1960s, France’s economy was growing fast. Having successfully recovered from World War II, it had embarked on comprehensive... Productivity Competitivity Articles 18 September 2015
Financial Innovation and The State - Lessons for 21st Century Climate Finance from the 19th Century Railways Era: Extended Summary By Dipak Dasgupta (Board Member of Global Climate Fun, India) - This paper seeks to bring a historical perspective to current glob... Climate change Public Finance Articles 01 October 2015
The EU’s Refugee Crisis The EU is confronted with an unprecedented influx of refugees. France Stratégie policy analyst Cécile Jolly explains the context o... Public Finance Public action Articles 12 May 2016