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Worried EU leaders call emergency summit on jobs and growth for Oct 7: Draft statement

Published on Aug 30, 2014 11:11 PM

BRUSSELS (REUTERS) - 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".

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