Sanchez announces €750 million to tackle Spain’s ‘unacceptably high’ young unemployed rate

Prime Minister Pedro Sanchez. Image: La Moncloa

Sanchez announces €750 million to tackle Spain’s ‘unacceptably high’ young unemployed rate.

THE PM Pedro Sanchez said the figures are ‘concerning’, and revealed €750 million will be used to improve the employability of young people through a newly approved educational law, as well as strengthening skills and reviewing incentives for hiring young people.

During a virtual meeting of the ‘Progress towards a New Social Contract’ panel, within the framework of the World Economic Forum, Sanchez pointed out that, in the context of the resilience and recovery plan, active employment policies will be modernised to improve the employability of young people, for which more millions will be invested.

He promised incentives for hiring young people will be reviewed and apprenticeship contracts will be strengthened to ensure that they “are not used as cheap work”.

And Sanchez highlighted the role the new educational law can play, as well as “a commitment to the reinforcement of digital skills”, with a further expenditure of €1.5 billion to improve digital training, especially among women.

In relation to the grants Spain will receive through the European Next Generation fund, Sanchez said the country’s plan will revolve around three fundamental issues: investment to create jobs and transform the economy; the implementation of reforms to increase productivity and competitiveness; and the improvement of the training of workers.

Thank you for taking the time to read this news article “Sanchez announces €750 million to tackle Spain’s ‘unacceptably high’ young unemployed rate”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.

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Written by

Tara Rippin

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

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