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Job prospects worry Europe's leaders

Tuesday, Nov 12, 2013 - 01:38

Nov 12 - French President Francois Hollande hosts over 20 European leaders for a summit to tackle youth unemployment across the bloc. But as Sonia Legg reports few are expecting any quick fixes to emerge.

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Six million people under the age of 25 are out of the work in the European Union. That's a state of affairs the Trade Union Confederation - among others - is trying to address. (SOUNDBITE) (French) PRESIDENT OF THE EUROPEAN TRADE UNION CONFEDERATION (ETUC) THIEBAUT WEBER SAYING: "We are calling for a more social Europe that takes responsibility for social matters and employment - not just the budget." France is hosting the EU's latest jobs summit. But few expect it to achieve much. The last one in July ended with a pledge to spend 6 billion euros over the next two years. Giuseppe Porcaro is General Secretary of the European Youth Forum (SOUNDBITE) (French) GENERAL SECRETARY OF EUROPEAN YOUTH FORUM GIUSEPPE PORCARO SAYING: "The six billion euros is not enough. To establish something credible, at least 21 billion euros is needed. We are demanding more investment at a European level." French President Francoise Hollande has more reason than most to tackle unemployment His popularity is at record lows, and that's partly due to his failure to lower France's 11% unemployment rate. He's vowed to improve the numbers by the end of the year. But many believe he will struggle in the current economic climate. Josh Raymond from City Index says investors aren't holding their breath. SOUNDBITE: Josh Raymond, Market Strategist, City Index, saying (English): "Whilst it is always good to have these major players involved in discussions particularly from the jobs market I don't think we will see anything significant. We have seen these a number of times over the past couple of years. Unfortunately it is one of those things that the market pays little attention to at the moment." Unemployment continues to fuel social unrest and political extremism in Europe. That focuses the minds of politicians - but it doesn't necessarily lead to solutions.

Job prospects worry Europe's leaders

Tuesday, Nov 12, 2013 - 01:38

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