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EU jobs and growth plan approved, no fresh funds foreseen
Jan 30, 2012, 19:36 GMT
Brussels - European Union funds should be 'better' targeted towards job creation and growth-friendly policies, but no new resources should be earmarked for the purpose, leaders from the bloc agreed on Monday.
'Wherever possible, efforts made at the national level will be supported by EU action, including better targeting available EU funds towards jobs and growth, within agreed ceilings,' a seven-page summit declaration said.
In the run-up to the meeting, the European Commission said that up to 82 billion euros (108 billion dollars) were available for reallocation.
In their statement, EU leaders also said that labour policies were 'mainly a matter for member states,' which were urged to adopt national job plans. It was also decided that another summit in June would review 'measures to be taken at EU level.'
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