Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-252-750"

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"This motion for a resolution, tabled following the question for oral answer on the Youth Opportunities Initiative, addresses the need to increase the European Union employment rate, particularly the youth employment rate. Many thousands of businesses have gone bankrupt as a result of the economic and financial crisis, millions of people have lost their jobs and unemployment rates have soared to levels never before seen: the EU average rate is over 10%, with youth unemployment more than 22%. These rates vary between Member States, rising to nearly 50% in the countries most affected by the crisis, such as Greece and Spain. I voted in favour of this report because I believe that the EU has to act quickly. About 25 million young people are looking for work and we must harness their potential, including through programmes that enable them to create their own jobs so they are not forced to leave their homelands. In addition, it is necessary to strengthen support for small and medium-sized enterprises (SMEs), particularly with regard to access to bank credit and reduced bureaucracy, because it may well be that SMEs will make the greatest contribution to solving this problem."@en1

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