EU COUNCIL: JAHIER (EESC), POOR RESULTS. THE WAY IS RIGHT BUT NOT BRAVE ENOUGH (2)” “

To explain the limited extent of the funds allocated to youth employment, Luca Jahier points out that such figure is "less than what Belgium spent to rescue the Dexia bank, and less than Italy could spend for the F35s". "Then, if we look at the new European Social Fund, it has been cut down from 87 to 81 billion euros, while Commissioner Andor had estimated that at least 95 million euros would be needed. And something has been done, at last, for credit to small- and medium-sized enterprises, even if it is just 1% of the European budget". His review goes on: "However, there are at least two positives in this summit. Firstly, a good compromise has been reached about the Banking Union, which makes a step forward. Secondly, it has been established that the Economic and Monetary Union needs a social pillar, and that the main areas to work at, as listed in the conclusions of the summit, are just a few of those that had been proposed in the opinion passed by EESC in late May (where the rapporteur was Jahier himself – editor’s note). A document that had been asked for by Van Rompuy in January and that sparked important discussions in the European public arena over the last few months". So is the game still controversial? "I’d say the direction is the right one, but we are being too slow and not brave enough. With a healthy dose of realism, we must not give up to bring the Europeans’ needs back at the centre before it is really too late".

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