Analyses 18 February 2022 Youth guarantee: A policy mechanism promoting European convergence? The case of Italy and Greece By Giulia Caratelli and Alessandro Fratini Over the last decade, the European Union has faced two major crises simultaneously: the debt crisis and more recently, the Covid-19 pandemic, which has eaten away the dreams and hopes of the youngest population. In this context, the European Union implemented the Youth Guarantee Programme (YG) in 2014, as a contribution to three of the Europe 2020 strategy targets aimed at integrating the most disadvantaged young people into the labour market.