The Basque Government allocates 321,4 million euros to promote employment, a shielded budget, according to the Lehendakari. Lanbide will be a key part in the Plan to fight unemployment 2012, since through the Basque employment service, will be addressed to unemployed persons with personalized attention through orientation, training and mediation services. In addition, the text signed today collects the start-up of new business initiatives and the search for agreements with local agents for a better definition of objectives and criteria for action on the ground allowing to decrease the unemployment rate. In this sense, Patxi Lopez has highlighted the importance of this agreement reached between unions and employers because of the collective effort will depend on the recovery of our economy and our levels of well-being, has indicated the Lehendakari. The recent downward correction of economic forecasts at international and European level for 2012 of the International Monetary Fund regarding which they released just 3 months earlier – and of the Bank of Spain they warn about the stagnation of the global economy and the resurgence of the crisis. Situation socio-economic of the CAV is determined since 2008 by the deep crisis which suffering from advanced economies, derived from imbalances in the global financial system, as well as the threat posed by the poor situation of sovereign debt and the hard setting which has undergone the eurozone, aspects that affect the Basque economy also during 2012. The Basque unemployment rate has already reached the 11.2% and, despite the destruction of employment that is occurring as for classrooms Madrid rental management, it should be pointed that the unemployment rate of Euskadi is similar to that of France and half of what the State average, this being the first major crisis in which Basque unemployment rate does not exceed the Spanish average. In historical perspective, should also highlight that the last twelve months of the previous legislature, according to the PRA, destroyed 42,300 jobs and balance of the current legislature is not positive but it is better.