Martin Schulz, Hannes Swoboda and Lazslo Andor join Sergei Stanishev to promote PES campaign

As part of a strong call for more investment at EU level, European Socialists have called for a European Youth Guarantee to be part of the EU strategy. 

Ahead of the Preparatory meeting for the EU summit today, leading lights of the European Socialist family Martin Schulz (President European Parliament), Hannes Swoboda (Leader of the S&D Group), and Laszlo Andor (European Social Affairs Commissioner) joined PES President Sergei Stanishev to publicise a PES campaign for a ‘European Youth Guarantee’.

The leaders were joined by Kaisa Penny, President of ECOSY – the Young European Socialists.

The PES campaign, entitled “Your future is my future – A European Youth Guarantee Now”, will be officially launched later in the spring and will promote the Youth Guarantee as a ‘new social contract’ for young people. It is based on existing schemes in Austria and Finland where national agencies step in to help young people after 4 months of unemployment. Youth unemployment costs Europe 100 billion euro every year. A guarantee would cost only 10 billion euro and the EU funds which could be used have been identified.