March 1, 2021

The EU urges to invest in job creation to stabilize the Mediterranean

The EU urges to invest in job creation to stabilize the Mediterranean



The European Commissioner for Neighborhood Policy and Enlargement, Johannes Hahn, today insisted on the need to invest in tangible employment projects through the private sector to stabilize the disadvantaged areas of the Mediterranean and reduce the influence of mafias and extremism among its population .

As recalled in one of the working groups of the forum for the Union for the Mediterranean, the south of this region has one of the highest rates of youth unemployment, a problem that also affects some countries in northern Europe, where the index of unemployment in this sector of the population exceeds 30%.

If this rate were reduced by half, the regional gross domestic product (GDP) would experience a growth of 20,000 million euros, he remarked, and it is the private sector that has the possibility of "liberating" this potential.

"Politicians can only establish the right conditions to favor creation, but it is the companies that create the jobs, there is no magic formula, it is impossible to do without the private sector," acknowledged the European Commissioner.

In this sense, he promised to promote a "real" investment effort, away from "philosophical" discourses and with particular attention to the incorporation of women, because investment always has a result: "employment and stable societies".

Social development, he concluded, is a positive situation for all, because it avoids poverty and discontent among young people, who are especially vulnerable to falling into the networks of organized crime and extremism.

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