Arab Today, arab today merkel\s eu talks vow action for jobless youths
Last Updated : GMT 01:30:09
Arab Today, arab today
Arab Today, arab today

Merkel\'s EU talks vow action for jobless youths

Arab Today, arab today

Arab Today, arab today Merkel\'s EU talks vow action for jobless youths

Berlin - AFP

German Chancellor Angela Merkel, who faces elections in less than three months, and EU leaders pledged action Wednesday on tackling mass youth unemployment to help Europe\'s almost six million jobless under 25-year-olds. The meeting was meant as a show of unity on tackling what Merkel called the continent\'s biggest challenge but was clouded by disunity between EU heavyweights France and Germany on how to respond to claims of mass US spying and surveillance. While France called for a delay on free trade talks with the US, Germany said they should go ahead on time. In a compromise deal, the negotiations will be held in tandem with transatlantic talks on data and privacy protection, EU Commission president Jose Manuel Barroso said. On the matter at hand, youth unemployment, the gathering of 18 heads of state and government as well as 28 labour ministers assured progress on fighting youth unemployment had been made and agreed to meet again in Paris in November. \"We want to put ourselves under a bit of pressure. We\'ve created expectations,\" German Chancellor Angela Merkel told reporters. The urgency of the wider eurozone crisis has been highlighted by renewed turmoil in Portugal, where the resignations of the finance and foreign ministers over unpopular austerity reforms this week have sharply driven up borrowing costs and caused stocks to plunge. Merkel, a strong advocate of budgetary discipline during the crisis, has in recent months stressed initiatives against chronic joblessness which in some countries has left around 60 percent of under 25-year-olds out of work. \"We have an obligation to progress, an obligation to reach a result,\" French President Francois Hollande told the joint press conference. But critics maligned the Berlin conference -- which comes some 80 days before Merkel seeks a third term in elections -- as a talk-fest that aims to soften the image of the continent\'s austerity champion Merkel, both at home and abroad. \"Youth unemployment in Europe is a direct result of Merkel\'s one-sided austerity policies,\" tweeted her top election rival from the Social Democrats, Peer Steinbrueck, speaking for many critics who have demanded economic stimulus measures, not belt-tightening. Talks focused on training, giving small and medium-sized companies access to affordable credit, mobility of young people to find work, and better use of available European funds. Last week EU leaders agreed to quickly release six billion euros ($7.8 billion) to fight youth unemployment but the EU has other funding -- European social and structural funds -- available, the chancellor said. In addition, the European Investment Bank will extend credits to small and medium-sized companies, German Labour Minister Ursula von der Leyen told reporters. In a newspaper interview on the eve of the meeting, Merkel had warned against the threat of a \"lost generation\" and called youth unemployment, which is near 24 percent across the eurozone, \"perhaps the most pressing problem facing Europe\". A meeting of European trade unions levelled the same charge, also criticising that the initial six billion euros in EU funds earmarked to combat the problem is a trifling amount, especially compared to far larger bank bail-outs of the past. The available EU funds are \"like aiming a garden hose at molten lava,\" Michael Sommer, chairman of German trade union federation DGB, told the Passauer Neue Presse daily. Merkel, opening the meeting, said that, while additional funds will be found in European social funds and programmes, \"I believe that, just for once, money is not the problem\". \"The problem is: How will we earn money in future? How can we give young people a chance? How can we give credits to small and medium enterprises at rates they can afford? In other words, how do we get the economy started again? Stung by past criticism that Berlin is dictating solutions to crisis-hit eurozone members, she added that \"of course the different conditions of different countries must be considered, and that\'s what we\'ll do today.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today merkel\s eu talks vow action for jobless youths Arab Today, arab today merkel\s eu talks vow action for jobless youths

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday