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This week, the European Commission presented its long-awaited Youth Employment Package. An employment and training guarantee for all young people under 25 shall be implemented Europe-wide. Austria served as a good example. The proposal of the Commission goes in the right direction. However, so far no one has mentioned how these measures are to be financed. Calculations clearly show: the implementation of a Europe-wide Youth Guarantee would cost 15 billion Euros. The costs incurred by Europe’s Member States due to youth unemployment amount to more than 150 billion Euros p.a. writes the EU Commission. Hence, everybody should know what has to be done!