EU seeks quick release of job boosting funds

Published October 8, 2014 7:05pm ET



MILAN (AP) — The leaders of Germany, France and Italy put their differences over fiscal discipline and austerity politics aside at an EU jobs summit Wednesday, pledging instead to focus energies on quickly allocating 6.4 billion euros ($7.6 billion) already earmarked to Europe’s 5 million unemployed youths.

The jobs summit — the third high-level meeting to tackle the continent’s employment crisis in less than 18 month — offered no new proposals or investments. It came amid growing popular disillusionment with official recipes to returning Europe to growth and putting back to work 25 million unemployed Europeans, a fifth of those under 25.

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