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Youth Guarantee underfunded from the outset – Reilly

24 March, 2015

Sinn Féin Senator and Youth Affairs Spokesperson Kathryn Reilly has reacted strongly to today’s news that the European Union financial watchdog believes that the EU Youth Guarantee was underfunded from the outset.

Senator Reilly said:

“In April 2013 EU leaders signed the Youth Guarantee scheme to combat rising youth unemployment in the European Union. The scheme aimed to ensure that young Europeans – aged between 15-24 years of age – get a quality job, internship, or education within four months of becoming unemployed or leaving formal education and entering the labour market.”

“From the outset many organisations and political parties, such as the International Labour Organisation and Sinn Fein, claimed that proposed EU funding would be too low and that at least €21 billion was needed to remedy the youth unemployment crisis.”

“As a result, it is incredibly frustrating to see the EU financial watchdog stating that the Youth Guarantee was underfunded from the start and the EU now believes that a figure closer to €21 billion will be needed.”   

 “An investment can be defined as the act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result. That the results for young people and for Europe which can be recouped from a proper investment in the Youth Guarantee are so socially advantageous it is infuriating to think that the EU would underfund the scheme.”

“What those involved in the financing and the allocation of funds for the Youth Guarantee need to understand is that young people all across the EU need real investment because this is the only way that we can get real tangible outcomes.”

“Sinn Fein has previously called on EU leaders to take action in relation to the Youth Guarantee, and as party spokesperson on Youth Affairs I do so again. Young people have had enough press PR spin from politicians who are removed from the reality of youth unemployment. What they now need is a properly funded and properly implemented Youth Guarantee.” 

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