The future of Finance in the EU | Policy Dialogue

Editorial Staff — Tue, 10 Oct 2023 12:32:20 +0000

Introduction

If you are passionate about finance and want to discover new European policies on this topic read on!

During the celebration of the European Year of Youth 2022, Commissioner McGuinness held a dialogue with young people from throughout Europe about their vision for the future of finance.

The event was a useful discussion for participants (young people from all over Europe from 18 to 25 years) to discuss and compare their opinions.

At the end of the meeting, options were drawn up to improve future European policies and improve the living conditions of young people.

If you have not been able to attend the event but are interested to know more about this topic read on and learn how to see the video summary of the conference.

The topics of the dialogue

The policy dialogue addressed the impact of the economic factor on the lives of young Europeans.

It has been discussed how the economy is changing over time and for this reason it is necessary to resort to new decisions to regulate the new existing types.

The participants discussed in particular:

1. Sustainable finance:

Emphasising the importance of an equitable transition that doesn’t exclude anyone, both within Europe and on a global scale.
The necessity to establish consistent sustainability finance information standards, such as ESG ratings, to guarantee comparability and trustworthiness, while combatting deceptive environmental claims.

2. Digital finance:

Across Europe, young individuals want to adoption of contactless digital payments and express excitement about advancements in the realm of digital currencies, including the concept of a digital euro. Europe should endorse financial innovation while maintaining safeguards for overall financial stability and individual protection.

3. Financial literacy and inclusion

A new EU initiative or promotional campaign aimed at enhancing financial literacy should extend beyond the current efforts in this field. It should consider the following points:
- Ensuring that young people have access to financial literacy programs, starting either in primary schools or, at the latest, in secondary schools. Alternatively, targeting parents to pass on this knowledge to their children.
- Expanding financial education beyond the traditional educational system to reach marginalised communities and individuals who did not receive financial education during their school years.
- While emphasising the importance of individual financial education, it should not undermine collective measures aimed at supporting social and economic well-being.

The Video Resume

To find out more about the topic watch the video summary of the event on the official website.

The youth department of Council of Europe is in danger due to financial cuts

Editorial Staff — Mon, 06 May 2019 16:06:02 +0000

It all started with the decision from Turkey to stop being among the six majior donors, and from Russia to suspend payments for the year 2017. Now, the Council of Europe is facing a serious financial crisis, that is putting into danger many branches of the organisation itself – first of all, the Youth Deparment. A contingency plan, released on 3 May, foresees in fact proportional cuts for all sectors – except for the youth secotor, that will suffer most from this crisis.

Should Russia evetually leave the CoE, in fact, this last one could be discontinued after 2020. The alternative would be a partial agreement on voluntary basis according to the will of the member states (with extra funding needed). The formal committee will meet on 23 May, after some informal consultations. In the meantime, the affected stakeholders did not stay quiet.

The reactions

The European Youth Forum, together with representatives from the major Political Party Youth Organisations active in Europe and beyond, released a public statement denouncing the cut:

Over the decades, the Youth Department of the Council of Europe has been helping young people to become responsible European citizens who advocate human rights, rule of law and participate fully in democratic life and processes. To better achieve this, thousands of young people and today’s experts who act as multipliers, have been trained through the CoE Youth Department while a vast number of European NGOs and networks have been receiving financial and technical assistance to further advance democracy, human rights and the rule of law.

The news is spreading across Europe and the Youth organisations are already clustering to prevent the cuts that are going to affect the Youth sector. The Youth department of the Council of Europe, that works closely to the European Commission in many co-operation projects, is as much pivotal as the European Union for the education of the new generations of Europeans. The fact that political matters, as the ones behind the decision from Russia and Turkey are, can affect the core of European values, is what is being contested.

The Youth department of the CoE

The international organisation of the Council of Europe was founded in 1949 by 47 countries. It aims at fostering human rights, democracy and the rule of law. Since 1972, the works within the Youth Department are managend in co-operation with the Advisory Council. This is made up of 30 representatives from youth NGOs and networks who provide opinions and input on all youth sector activities, together with setting the priorities and suggestions.

It also ensures that young people are involved in other activities of the Council of Europe. Here, representatives of the governements of the member states work closely with young people, who are then in the position of being able to influence important decisions on the functioning of the Youth Department. That is why it is so important to push for a better understanding of the issue: the more we know, the more we can make an impact.

L'articolo The youth department of Council of Europe is in danger due to financial cuts proviene da Youth Networks.

finance Archivi - Youth Networks