The leaders of Italy, France and Germany recognized today in Milan (northern Italy) divergences in their budgets but pledged instead to fight youth unemployment force.
At the end of a summit to discuss the serious problem of unemployment affecting countries like Spain, Italy and even France, the head of Italian government Matteo Renzi, the French president, François Hollande, and the head of government of Germany, Angela Merkel, They promised to simplify rules and use funds to promote the economic growth and therefore employment.
The promise is almost a response to pessimistic report released today by the International Monetary Fund (IMF), which states that “the legacy –a crises of inadequate demand, debt and unemployment elevados– continue to pose a challenge to achieve a robust and sustainable growth “in the eurozone.
” I think that France and Italy are doing renovations serious. I have full confidence that his responsibilities will be assumed, “said Merkel with diplomatic tone during the joint press conference.
The French president, under pressure to exceed the budget ceiling for 2015, which could be rejected by the European Commission, avoided addressing the issue in Milan , while acknowledging that “budgets have effect on growth.”
Meanwhile Renzi reiterated that Italy wants to be the first class and not only respect the limit of 3% deficit relative to GDP (PUB), but it set below, to 2.9%.
Upon arrival in Milan , Hollande told that “you have to adjust the pace of budgetary policies the challenge of growth,” a track that divides European leaders. “If everyone is dedicated to implement austerity measures, what we do in France, higher growth will decline,” said the French president.
Hollande wants to revive the debate about austerity after disseminating recent and disastrous economic indicators. German industrial production, the engine of the old continent’s largest economy, suffered for the first time in five years down, a dangerous sign for certain countries.
The informal employment summit failed to establish measures against high youth unemployment in several countries and became more of a political meeting on the economic situation, as desired by the head of the Italian government.
European leaders mentioned anyway European program called “Youth Guarantee” to guide generations with less than 30 years to find employment or suitable training.
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The number of unemployed in Europe reached record numbers, especially at the youth level, a phenomenon that affects a whole generation, called “ni-ni”, since neither study nor work.
Renzi took the opportunity to illustrate their colleagues EU labor reform that drives and hopes that parliament approved today, despite opposition from a section of his own party and the country’s largest union.
Meanwhile, hundreds of people demonstrated against Renzi reform outside the convention center where European leaders met in Miilan. The European Commission announced its intention to launch an investment plan totaling 300 billion euros over the next three years to combat unemployment.
“We want to simplify access to these funds, “asked Hollande told reporters. A concession apparently Merkel is willing to do: “The problem is not that the money is insufficient, it must flow,” he said
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