Memo: Revision of the European Globalisation Adjustment Fund (EGF)

In the current financial and economic crisis, Europe needs tools to react more quickly and more effectively. The European Commission proposed to change the scope of the European Globalisation adjustment Fund (EGF) to ensure that it would cover redundancies caused by the crisis and increase the solidarity aspect. To this end, some provisions of the EGF's founding Regulation (1927/2006) have been amended so that the Fund can intervene, inter alia, to co-finance training and job placements.

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