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Merkel EU jobs summit bid to blunt austerity fatigue

Chancellor Angela Merkel has hosted European leaders for talks on how to spend 6 billion euros ($7.8 billion) to shrink the region’s jobless rolls and ease the impact of German-led austerity measures on the euro area.

French President Francois Hollande, Italian Prime Minister Enrico Letta and Portuguese Prime Minister Pedro Passos Coelho are among leaders who joined Merkel, the head of Europe’s biggest economy, at the meeting in the chancellery in Berlin on Wednesday .

“Providing opportunity to those who belong to the common market is the right thing to do in a common European house with a joint currency,” Merkel said earlier during a visit to Trumpf GmbH, a German laser-technology company, in Ditzingen, near Stuttgart. The Berlin conference was about “how we spend” already approved EU jobless aid, she said.

Merkel rejected speculation that Greece would need another debt writedown to keep its international bailout on track, Sueddeutsche Zeitung quoted her as saying in an interview. “I don’t see that” happening, she said, according to the German newspaper.


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