He encouraged policy makers in the member states to implement the measures proposed in the Social Investment Package, recently adopted by the Commission. Even though governments are seeking to consolidate their budgets, they should bear in mind that “the 14 million young people who are neither in employment, nor in education or training are estimated to cost the equivalent of 1.21% of EU GDP. That is an annual loss of €153 billion to the Member States.”
In terms of demographic developments, the Commissioner emphasized the importance of youth- and gender policies in order to mitigate the effects of an ageing population and shrinking workforce in Europe.
Read the full speech here
Find out more about the Demography Forum 2013 “Investing in Europe’s Future” here