Council Regulation (EEC) No 3039/78 of 18 December 1978 on the creation of two new types of aid for young people from the European Social Fund

COUNCIL REGULATION (EEC) No 3039/78  of 18 December 1978  on the creation of two new types of aid for young people from the European Social Fund
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 2396/71 of 8 November 1971 implementing the Council Decision of 1 February 1971 on the reform of the European Social Fund (1), as amended by Regulation (EEC) No 2893/77 (2), and in particular Article 3 (3) thereof,
Having regard to the proposal from the Commission (3),
Having regard to the opinion of the European Parliament (4),
Having regard to the opinion of the Economic and Social Committee (5),
Whereas one of the main features of the labour market situation in the Community in recent years has been the growing scarcity of jobs available to young workers under 25 years of age;
Whereas, to reinforce Community aid for the employment of this category of persons, types of aid designed to assist employment, not falling within the classic types of aid for vocational training and occupational mobility, should be created within the framework of the European Social Fund;
Whereas, in order to respond effectively to existing labour market needs, Fund assistance to promote the employment of young people should enable part of the expenditure incurred in granting recruitment premiums and in financing job creation programmes to be met,