The members of the European Union and the European Parliament states have reached an agreement on the 2014 budget. The budget provides $ 135.5 billion Euros next year to fight against youth unemployment within the bloc formed from 28 countries.
The agreement, which reduced EU spending by six percent for this year is the first to reflect the new rules of the budgets of the European Union from 2014 to 2020 and was approved by EU leaders in February.
Algimantas Rimkunas, Deputy Minister of Finance of Lithuania, rotating EU president, said : "I am glad to reach an agreement with the European Parliament on the sectors that are the rule of finance, such as growth, employment, innovation and humanitarian assistance.”
The agreement, which was reached after 16 hours of negotiations € 3.9 billion, will help provide employment and training opportunities for about 19 million unemployed young Europeans.