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Tuesday, November 12, 2013

EU leaders meet on youth jobs but solutions elusive

By Leigh Thomas and Elizabeth Pineau PARIS (Reuters) - Soaring youth unemployment will top the agenda when France hosts a European jobs summit on Tuesday, but leaders will eschew radical proposals to tackle a problem that risks fuelling social unrest and political extremism. Nearly six million people under the age of 25 are without work in the European Union, with jobless rates among the young at close to 60 percent in Spain and Greece. A July jobs summit in Berlin set out plans to devote at least 6 billion euros over the next two years to addressing the problem - a big headline figure that looks less impressive when spread among the many unemployment blackspots in the region. French President Francois Hollande hosts a follow-up gathering of more than 20 EU leaders on Tuesday.

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