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Thursday, June 27, 2013

Jobs major worry for EU summit

Leaders to discuss youth unemployment issue with talk of earmarking $10 billion for 6-year jobs programme. European Union leaders head for their last summit of the political calendar this week as the EU's jobs crunch and a proposed template for the troubled finance industry weigh heavily on the mood. Shaken by the 2008 debt and banking maelstrom, the EU is no longer in fireman mode about preserving the euro or rushing to save Greece and other basket cases. But the summit in Brussels tomorrow and Saturday highlights a difficult next step as the 27-nation bloc - due to be joined by Croatia on July 1 - seeks to build on the lull won by the European Central Bank's...

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