MEPs voted a resolution in the Employment and Social Affairs Committee in the European Parliament, which proposes a "European Investment Plan", reallocate EU structural funds to projects to create them for young people, and introduce a "European Youth Guarantee".

The resolution approved by MEPs in the Employment and Social Affairs Committee at the European Parliament has as main aim to fight youth unemployment in the EU. The text proposes to devise a "European Investment Plan" to create new jobs, reallocate EU structural funds to projects to create them for young people, and introduce a "European Youth Guarantee" to ensure that young unemployed people are not without jobs for more than four months. In February 2012, a report published by the European Commission showed that youth unemployment remains very worrying in the EU.

With regard to the distribution of the EU structural funds not allocated, on 30 January 2012, European Commission President José Manuel Barroso announced that €82 billion in EU structural funds, out of the total €347 billion for 2007-2013, had yet to be allocated and could be redeployed. MEPs urge the Commission to propose as a priority to redeploy a substantial part of that money into projects for young people. They also ask the Commission to consider increasing the EU share of project costs co-funded with national governments of the eight countries worst affected by youth unemployment (Latvia, Lithuania, Slovakia, Greece, Spain, Portugal, Ireland and Italy).

In addition, MEPs welcomed in the approved resolution the Commission's plan to present a proposal to the Council on the European Youth Guarantee -proposed by the European Parliament in 2010, and Quality Charter on Traineeships by the end of 2012 and strongly urge Member States to approve the proposals by the end of 2012. They also add that the Youth Guarantee scheme needs to be legally enforceable if it is to make any real improvement in the situation of young people.