The EU wants to support the young unemployed and long-term unemployed better. The plan is to provide microcredit loans to start businesses, told EU Labour and Social Affairs Commissioner Vladimir Spidla.
around 100 million euros will be ready for it.
The loans are awarded by the European Investment Bank (EIB) to young unemployed and long-term unemployed, to open their own business or start a small business want. Banks often deny these people the needed financing.
The initiative is currently by the English EU presidency will be prepared and presented in a few weeks.
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