European Union
leaders are set to hold an emergency summit on promoting growth and jobs on
Oct. 7 at the suggestion of Italy, according to a draft of a statement to be
issued after an EU summit on Saturday.
Previous drafts
before weak euro zone economic data in the past few days made no mention of the
economic situation. In contrast the latest document read:
"In recent weeks
economic data have confirmed that the recovery, particularly in the euro area,
is weak, inflation exceptionally low and unemployment unacceptably high."
As a result there
would be a summit, hosted by Italian Prime Minister Matteo Renzi on Oct. 7,
that would focus on "employment, especially youth employment, investment
and growth". A "dedicated Euro Summit" would also be held in the
autumn.
Reuters
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