EU budget dispute blocks €25 million in aid to jobless workers
The EU Budgets Committee delayed a vote to approve the European Globalization Adjustment Fund after failing to come to an agreement regarding Draft Amending Budget 6 for 2012.
The funds are set to remain blocked until the committee comes to a solution. Financial aid for 2013 will also be halted until an agreement is formed. As a result, the need for a solution in talks is urgent.
The 25 million euro worth of funds is designed to be allocated between the above mentioned countries in the following ways:
€1.30 million for 500 unemployed workers in Spain;
€5.35 million for 1,000 workers in Finland’s Nokia;
€1.37 million for 153 unemployed workers in Denmark who previously worked for the electronics sector;
€2.66 million for 502 jobless workers in Italy;
€2.94 million for almost 1,500 Romanian workers.
Austria is expecting €5.20 million for 350 unemployed workers, while Sweden is set to receive €5.45 million for 1,350 workers – the highest amount of any country.
The money is meant to help workers find new employment and develop new skills.
Earlier, the European Commission addressed EU countries with a call to add almost 8.9 billion euro to the 2012 budget. The increased budget was aimed at providing funding for a number of European programs – particularly those designed to assist small and medium-sized enterprises.
European states declined the budget increase.