August 30, 2014 / 3:13 PM / in 3 years

Worried EU leaders call jobs, growth summit for October 7: draft

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.

French President Francois Hollande (3rd R) poses for a family photo before a meeting with European Socialist leaders at the Elysee Palace in Paris, August 30, 2014. REUTERS/Yoan Valat/Pool

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.

Reporting by Barbara Lewis; Writing by Alastair Macdonald; editing by Foo Yun Chee

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