Tuesday, April 15, 2014

Germany shuts scheme for young unemployed because of overwhelming demand

Germany said on Monday it would no longer accept applications for a programme to attract young Europeans to its job market due to overwhelming demand from crisis-ravaged countries.
The labour ministry said it had been flooded with interest from job-seekers particularly from struggling Spain and Hungary for the scheme offering subsidized job training, apprenticeships and work in fields lacking manpower.
"Currently we cannot meet the demand" for the programme, called "The Job of My Life", a labour ministry spokeswoman told reporters.
Germany, Europe's top economy, faced criticism from its EU partners for an approach to the eurozone debt crisis that placed a strong emphasis on fiscal discipline, which has been blamed for exacerbating the economic impact among ts weakest members.
Source and full story: The Local (Germany), 14 April 2014

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