The Party of European Socialists (PES) today launched its flagship campaign “Your future is my future - A European Youth Guarantee now!”, which aims to tackle the crisis of youth unemployment in Europe. Currently, 5.6 million young Europeans are jobless, more than the entire population of Denmark. This inactivity costs Europe 100 billion euro every year. A European Youth guarantee, as being proposed by the PES could be supported by 10 billion euros from EU structural funds. This funding could help bring 2 million young people out of unemployment by 2014.