Moreover, the Youth Guarantee programme provides welcome support to the commitment by Member States to ensure that young Europeans under the age of 25 receive a good quality offer of employment, training or continued education. Labour mobility is often, when undesired, the result of poor cyclical and structural labour market conditions. It is those conditions that should be addressed in the first place.
Another supportive reason would be that larger multi-state UCBs having more restrictions in some respects in their functioning than commercial banks, may be at a competitive disadvantage and may lag behind their competitor commercial banks as they are unable to provide a wider range of facilities to their customers. Conversion into commercial banks would give more business opportunities to such UCBs. 27.