This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/world-europe-23095198
The article has changed 4 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| EU 'first step' to help Europe's jobless youths | EU 'first step' to help Europe's jobless youths |
| (about 1 hour later) | |
| EU leaders have ended their summit in Brussels by agreeing to put 6bn euros (£5bn; $8bn) into youth training schemes amid record unemployment. | EU leaders have ended their summit in Brussels by agreeing to put 6bn euros (£5bn; $8bn) into youth training schemes amid record unemployment. |
| They also agreed to promote lending to credit-starved small businesses, using an extra 10bn euros in funding. | They also agreed to promote lending to credit-starved small businesses, using an extra 10bn euros in funding. |
| Nearly a quarter of jobseekers aged 18 to 25 in the EU have no work. | |
| Critics say the schemes will have little impact until countries return to growth but Austrian Chancellor Werner Faymann said they were a "first step". | Critics say the schemes will have little impact until countries return to growth but Austrian Chancellor Werner Faymann said they were a "first step". |
| In another development, outlined in the official summit conclusions, EU leaders confirmed they wanted agreement by the end of the year on a way to wind up failed banks at European rather than at national level. | In another development, outlined in the official summit conclusions, EU leaders confirmed they wanted agreement by the end of the year on a way to wind up failed banks at European rather than at national level. |
| They also approved accession talks for Serbia by January at the latest, as well as formalising Croatia's entry into the EU on Monday. | They also approved accession talks for Serbia by January at the latest, as well as formalising Croatia's entry into the EU on Monday. |
| 'Frankly appalling' | 'Frankly appalling' |
| The UK's Prime Minister, David Cameron, said the number of young people out of work in Europe was "frankly appalling" and a huge block on the EU's ability to compete in the global race. | The UK's Prime Minister, David Cameron, said the number of young people out of work in Europe was "frankly appalling" and a huge block on the EU's ability to compete in the global race. |
| There was, he said, also a need to move faster and further in cutting excessive regulation and red tape. He said a new business task force would be established in the UK to take a fresh look at the impact of EU regulations on British business. | There was, he said, also a need to move faster and further in cutting excessive regulation and red tape. He said a new business task force would be established in the UK to take a fresh look at the impact of EU regulations on British business. |
| German Chancellor Angela Merkel said the key was improving competitiveness and not creating new pots of money. | German Chancellor Angela Merkel said the key was improving competitiveness and not creating new pots of money. |
| The speaker of the European Parliament, Martin Schulz, tweeted that the 6bn euros were a "start", albeit a "drop in the ocean". | The speaker of the European Parliament, Martin Schulz, tweeted that the 6bn euros were a "start", albeit a "drop in the ocean". |
| "What we, the current generation of politicians, owe these young people are good ideas, courage and prompt action - in order to generate growth at long last," he said in a speech. | "What we, the current generation of politicians, owe these young people are good ideas, courage and prompt action - in order to generate growth at long last," he said in a speech. |
| "After all, the most effective means of creating jobs - and thus of combating youth unemployment - is economic growth." | "After all, the most effective means of creating jobs - and thus of combating youth unemployment - is economic growth." |
| Budget deal | Budget deal |
| The plan to trigger much-needed bank lending to small and medium-sized enterprises (SMEs) involves using an extra 10bn euros in funding for the European Investment Bank. | The plan to trigger much-needed bank lending to small and medium-sized enterprises (SMEs) involves using an extra 10bn euros in funding for the European Investment Bank. |
| The idea is to encourage private banks to lend by giving them EIB guarantees. | The idea is to encourage private banks to lend by giving them EIB guarantees. |
| French President Francois Hollande predicted the EU would have a single banking supervisor, and a mechanism for closing failed banks, in place by the middle of next year. | French President Francois Hollande predicted the EU would have a single banking supervisor, and a mechanism for closing failed banks, in place by the middle of next year. |
| There was relief on Thursday when, after months of wrangling, a deal was clinched on the EU's long-term budget. | There was relief on Thursday when, after months of wrangling, a deal was clinched on the EU's long-term budget. |
| The 27 leaders backed the deal reached with the European Parliament - a 960bn-euro budget for 2014-2020, which cuts real spending for the first time. | The 27 leaders backed the deal reached with the European Parliament - a 960bn-euro budget for 2014-2020, which cuts real spending for the first time. |
| There was a last-minute delay, with Mr Cameron seeking reassurances that new arrangements on rural development funds would not lead to £300m being deducted from the British rebate - which some French officials had been suggesting. He was told the rebate would remain unchanged, the BBC's Europe editor Gavin Hewitt reports. | There was a last-minute delay, with Mr Cameron seeking reassurances that new arrangements on rural development funds would not lead to £300m being deducted from the British rebate - which some French officials had been suggesting. He was told the rebate would remain unchanged, the BBC's Europe editor Gavin Hewitt reports. |
| Under the new budget deal, unspent money will be transferred from one year to the next, rather than returning to national budgets as at present. | Under the new budget deal, unspent money will be transferred from one year to the next, rather than returning to national budgets as at present. |