Giovedì, 18 Ottobre 2018

Letta hails win for Italy on jobs and EIB at EU summit


Rome, June 28 - Italian Premier Enrico Letta hailed
a victory for Italy at a European Union summit Friday where a
deal was struck on an important new job-creation fund for young
"We have won (the issues) of youth unemployment and
fairness from the European Investment Bank (EIB)," said Letta.
"Youth unemployment has been the principal national commitment
(of this government)".
The deal was cleared after Britain and France settled their
differences over a perceived cut to the UK's totemic budget
EU leaders agreed to lay out six billion euros, rising to
eight in 2015, for rampant youth unemployment affecting well
over half young Greeks and Spaniards and more than 40% in Italy.
Letta reported that another three billion euros had been
earmarked for future use in the EU.
Italy, he added, had managed to "nearly triple our share"
from the EU, bringing the sum up to almost 1.5 billion euros.
"It's a huge result," added Letta.
A pre-summit financial ministers' meeting (ECOFIN) forged a
deal to help struggling banks, seen as a platform for a future
banking union to help backstop the euro, while the summit itself
OK'd a plan to revive EU businesses as part of the bloc's new
seven-year budget of almost one trillion euros.
Letta said that, despite the last-minute Franco-British
tussle, "We've all come out of this well".

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