Reallocation of NSRF funds to create 330 000 jobs under charity programmes

31 March 2015
Question for written answer
to the Commission
Rule 130
Notis Marias (ECR)

Not only has Greece been impoverished by the memorandum; unemployment reached 25.8% in October 2014. According to figures reported by the Manpower Employment Organisation (OAED), 854 517 unemployed persons were registered (looking for work) in November 2014.

It is common knowledge in Greece and Europe that charity projects help to create jobs for young persons. Unemployment in Greece hit 26.0% in December, with unemployment among young persons at 51.2% as a result of the memorandum policies enforced by the Troika.

In view of the above, will the Commission say:

1. Does it intend to continue to enforce the austerity and fiscal adjustment policies provided for under the memorandum, which have created armies of unemployed persons in Greece?
2. Is it prepared to agree to re-allocate National Strategic Reference Framework (NSRF) resources in order to create 330 000 new jobs under charity projects for the next two years?

Source: European Parliament

Answer given by Mr Moscovici on behalf of the Commission
On 19 August 2015, acting on behalf of the ESM(1), the Commission signed a MoU(2) with Greece. This followed the approval by the ESM Board of Governors for further stability support accompanied by a third economic adjustment programme and the political agreement reached by the Eurogroup on 14 August 2015. The agreement paves the way for mobilising up to EUR 86 billion in financial assistance to Greece over three years(3).

As provided in Article 13 of the ESM Treaty, the MoU details the reform targets and commitments needed to unlock ESM financing. Implementation will be monitored by the Commission, in liaison with the European Central Bank and, wherever possible, together with the International Monetary Fund. This will take the form of regular reviews.

While strong attention to public finances is still necessary, the programme has a strong focus on growth, jobs and social policies to tackle the difficult situation faced by the Greek people, including policies aiming to increase the effectiveness of social safety nets. In addition, a guaranteed minimum income scheme was launched on a pilot basis and is now planned to be rolled out nationally.

The resources available to Greece under the ESF(4) for the period 2014-2020 amount to EUR 3.7 billion. These funds will support the objectives of improving the effectiveness of employment policies, reforming the education system, including reducing early school leaving, promoting lifelong learning, and improving the quality and responsiveness of the schooling system to labour market needs. Concerning unemployment, schemes financed with EU structural funds are already in place to recruit young and long-term unemployed. The Commission is not aware of any request by Greece for re-allocation of the NSRF(5) resources.

Source: European Parliament

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