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Today the European Commission proposes to make 1 billion euro from the Youth Employment Initiative (YEI) available as early as this year.
More than 20,000 entrepreneurs have already benefited from loans and guarantees worth a total of €182 million under the European Progress Microfinance Facility, according to the latest European Commission report about the implementation of this financial instrument.
The EU's Council of Employment and Social Policy Ministers will meet on 16 October in Luxembourg.