The S&D Group congratulates Italy for withdrawing its reservation on the revision of the Multiannual Financial Framework 2014-2020.

S&D Group vice-president responsible for the budget, Isabelle Thomas, said:

"The Italian government, in consultation with the European Parliament, has been fighting for a more ambitious revision.
"The outcome of this firm line is that the European Commission issued a declaration acknowledging that it is possible to go beyond an additional 1.2 billion euros for the Youth Unemployment Programme (an initiative of the Youth Employment Programme) by 2020. However, the Socialists & Democrats underline that the aim is not to stabilize this unemployment but that it is crucial to curtail it.
"Parliament will now be able to decide on the revision of the current European budgetary programming (2014-2020)."

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