Review Hari Stefanatos
European Commission has come up with a new way to tackle the surging youth unemployment in the EU. “Youth Guarantee” as it is known will focus on providing employment to young people under the age of 25. Regardless weather someone is registerd with the unemployment services or not, the aim is to provide the young people looking for a job with a concrete offer within 4 months of them leaving formal education or becoming unemployed.
A total of €6bn have been secured for this reason for a period up to 2020, while 5.5 million people, the so-called NEETs (Not in Education, Employment, or Training), all over the EU are expected to benefit from this programme. Croatia is going to receive €120mln.
The youth unemployment rate in Croatia surpasses 50% meaning that 1/3 of the unemployed in the country are between the ages of 15 and 29. With “Youth Guarantee they should be able to find employment within 4 months of them leaving formal education or becoming unemployed.