The European Ideas Network, an open pan-European think tank, met in Porto Portugal to discuss the transatlantic relations and ideas on how to build a common project for growth and jobs. Prime ministers, ministers, MPs, MEPs, academics, businessmen, representatives of foundation and think tanks contributed to the debates.
Gemma on Hello and thank you for joining us for the EPP TV's rundown of the July plenary session from the European Parliament here in Strasbourg. On Wednesday, Parliament approved the political compromise that was reached last week with the other EU institutions on the Multiannual Financial Framework, the EU's 960 billion euro budget for the next seven years.
Gemma off Tackling youth unemployment and improving lending to Small and Medium sized enterprises are the top priorities.
Van Rompuy on We decided to scale up and speed up the Youth Employment Initiative, so that the money starts flowing as of 1 January 2014. Most of the money will now be spent in 20142015, the years when it is most needed.
Van Rompuy on
Page Peel We made a clear link between this Youth Employment Initiative and the Youth Guarantee – to ensure that within four months of leaving school or becoming unemployed, every young person gets a good offer for a job, education or training. We also called for other important actions – for instance promoting crossborder mobility through the EURES and Erasmus+ programmes, including vocational training, as well as high-quality apprenticeships.
Daul on Thanks to the extra ten billion euros Europe granted to the EIB, Europe is also contributing to financing Small and Medium sized enterprises. They are the engines of innovation but don't always have the necessary funding.
Ten billion euros that can generate up to five times the initial amount. This is almost our annual budget and this is only for SMEs Grâce aux dix milliards d'euros supplémentaires accordés à la BEI, l'Europe contribue aussi à financer les petites et moyennes entreprises. Elles sont le creuset d'innovation mais n'ont pas toujours l'argent nécessaire pour se financer.
Dix milliards d'euros qui peuvent générer cinq fois plus, c'est presque notre budget annuel, rien que pour les petites et moyennes entreprises.
Gemma off Parliament also fought hard for flexibility in the new budget. Now, for the first time, unspent money can be re-used from one year to the next. During the negotiations the leaders of the largest political groups refused to sentence the people of Europe to seven years of austerity. They have agreed to a mid-term review in 2016 to take into account the economic situation of the Union at that time.
Gemma off The legally binding vote on the budgetary framework will take place in the Autumn following preparation on 80 other pieces of legislation needed to implement it.
Gemma on The week began with celebrations welcoming Croatia as the 28th Member State of the European Union and with that five MEPs to the European Parliament. And we spoke to one of them, Davor Stier, who took office on 1 July.
Gemma off How does it feel to be the EU's 28th member State? What does it mean for Croatia and the people?
Stier on Well we're certainly very proud and satisfied that we accomplished this strategic goal for Croatia. We wanted to be an independent nation, but also from the very beginning we also said we wanted to be part of unified Europe, we wanted to be free, independent but also free in Europe and we achieved that so finally we are here where we belong.
Gemma off The EPP Group has always supported Croatia's European accession and looks forward to working with it.
Gemma off As the Croatian flag took its place alongside the other 27, it seems the desire to join the EU family continues to increase with Serbia set to begin membership talks in January and Latvia to join the Eurozone as the 18th member next year. The resolution on the adoption of the euro in Latvia was approved by an overwhelming majority in plenary. Members paid tribute to the country's economic, fiscal and financial progress, and its Prime Minister Valdis Dombrovskis. He brought the country back from the brink of bankruptcy five years ago to 5% economic growth today without any social unrest.
Gemma on Another celebr
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