EU to focus on youth employment in order to boost the economy
The EU Member states have agreed yesterday in Brussels upon their commitment towards a growth-friendly consolidation and job-friendly growth. In a joint statement the heads of the European states subscribed to the following: “Decisions have been taken to ensure financial stability and fiscal consolidation - this is a necessary condition for a return to higher structural growth and employment. But it is not in itself sufficient: we have to modernize our economies and strengthen our competitiveness to secure a sustainable growth. This is essential to create jobs and preserve our social models and it is at the heart of the Europe 2020 strategy and the Euro Plus Pact. These efforts must be made in close cooperation with the social partners, respecting Member States' national systems.”
The countries have decided to combine “a smart fiscal consolidation preserving investment in future growth, sound macroeconomic policies and an active employment strategy preserving social cohesion.”
According to the same report, a special effort needs to be made as soon as possible at national level to improve labor supply and reduce youth unemployment by “stepping up efforts to promote young people's first work experience and their participation in the labor market: the objective should be that within a few months of leaving school, young people receive a good quality offer of employment, continued education, an apprenticeship, or a traineeship.”
At the next European Council Summit, which will be held in March, will be provided directions on Member States’ employment policies.
During the current summit, the member states also discussed about the copyright issues the European countries deal with. The leaders have agreed to deploy “the full potential of the digital economy, modernization of Europe's copyright regime and promotion of best practices and models, while fighting piracy more effectively and taking into account cultural diversity.”
Many other tasks were assigned to the EU Member States in order to strengthen their economy. The Council of the European Union will report by June 2012 on implementation of measures which have to be taken at EU level.