Spain has pledged 3.5 billion euros over the next four years to help ease mass unemployment among the country’s youth, with a third of the money coming from a special European fund.
The country has a 26 percent unemployment rate, but among 18 to 26-year-olds that figure raises to 50 percent.
Spanish Prime Minister Mariano Rajoy announced more than a hundred measures including tax breaks for young freelance workers and for companies that hire staff in their twenties.
“The crisis is forcing many young people to leave Spain,” Rajoy said. “Precisely those who don’t give up, the most dynamic, those who we really need to preserve. Every effort to regain that talent will not be enough.”
Public anger over austerity measures is growing as Spain enters its fifth year of economic stagnation and recession.
The government has trimmed the budget by tens of billions of euros this year and last.
- 1Five children among a dozen migrants to drown off Turkish coast
- 2Stuck in Budapest: migrants bed down for second night outside railway station
- 3Burning Man 2015: what we are missing, and how we can catch up
- 4Outcry over Bodrum migrant tragedy
- 5Hungarian police block refugees and migrants outside Keleti train station
- 1Migrants with tickets denied access to Budapest train station
- 2Satellite images show ISIL destruction in Palmyra
- 3‘No person is illegal’ – Vienna holds rally for refugees
- 4Ukraine: deputies explain for and against the decentralisation law
- 5Hungary’s hardline stance on refugees ‘benefits’ people smugglers
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International breaking news | euronews online world breaking news in video
- 3Caught red-handed: the Russian Major fighting in Ukraine
- 4Video footage shows massive explosion in Tianjin, China
- 5Ukraine puts top Russian general Gerasimov on ‘most wanted’ list
- 6Why World Elephant Day matters
- 7Momentum for Mars: Astronauts say mission is inevitable
- 8Latest News Bulletin
- 9Who came out top in the US Republican television debate?
- 10UK: at least 7 dead after plane crashes into road in Brighton
- 11Snowden, Assange and Manning statues unveiled in Berlin
- 12Virginia:TV journalist and cameraman shot dead live on air
- 13ISIL militant group claims to have killed Croatian hostage in Egypt
- 14Earth Overshoot Day…Pushing Mother Nature too far
- 15Windows 10, three weeks on: the good, the bad and the ugly
- 16Bringing the trolls out of the dark: Russian ‘troll’ awarded 1 rouble damages
- 17As ‘Daily Show’ Jon Stewart’s tenure ends, scholars say goodbye to their research topic
- 18European Union News | euronews: latest breaking news and headlines about European Union
- 19International news | euronews, latest international news
- 20Scientists find sinkhole cave under Mexico’s Kukulkan Castle Pyramid
Wires > News
- 09:29 CET Spain’s Rajoy says general election will be in December
- 09:11 CET Russia bans some food imports from Bulgaria
- 09:10 CET Four Turkish police officers killed in bomb attack – security…
- 09:03 CET Row over Libyan sovereign fund LIA reaches UK court
- 08:48 CET Five Chinese ships in Bering Sea as Obama visits Alaska
- 08:46 CET Migrants storm train at Budapest’s main station after police…
- 08:29 CET Boat capsizes off Malaysia with 100 aboard – maritime agency
- 07:28 CET Guatemala judge orders detention of President Perez in graft…