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Tuesday, November 12, 2013

EU leaders in Paris to tackle youth employment crisis

Europe's leaders gather in Paris Tuesday to discuss ways of tackling youth unemployment, in the latest of a flurry of meetings and measures since German leader Angela Merkel said the issue was the most pressing facing the continent. The conference hosted by French President Francois Hollande follows a July summit initiated by the German chancellor in Berlin and is to be attended by heads of state or government from 24 of the EU's 28 member states. According to the European Commission's latest statistics, the EU-wide youth joblessness rate stands at 23.5 percent. The youth unemployment rate is pinned down at 7.7 percent in Europe's healthiest economy Germany, but soaring past 50 percent in debt-crippled southern countries such as Greece or Spain.


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