European markets at close: 30.04.2014 - markets
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European markets at close: 30.04.2014 - markets - Video
European Union To Expand Sanctions On Russia.
European Union foreign ministers have stepped up sanctions over Russia #39;s actions in Ukraine. Two Crimean companies and thirteen individuals have been added t. The EU will widen its sanctions...
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European Union To Expand Sanctions On Russia. - Video
Cameroon: Kidnapped Italian priests named
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Cameroon: Kidnapped Italian priests named - Video
14 European Union Member States Will Miss 2020 Targets
14 European Union Member States Will Miss 2020 Targets.
By: Yail121
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14 European Union Member States Will Miss 2020 Targets - Video
MILAN: Deep divisions within the European Union over the rules governing the euro will be aired once more at an emergency jobs summit here on Wednesday.
Italy's energetic young prime minister, Matteo Renzi, has billed the meeting, the latest in a long series of similar gatherings, as an opportunity to begin a debate on how to reshape the bloc's policies towards measures to bolster demand and growth, although the official agenda is supposed to be all about youth unemployment.
The initiative by an Italian government which has pledged to shake up its own labour market, is the latest salvo in an intensifying debate over the direction of the EU, the world's largest trading bloc, at a time when its biggest economies are sliding back towards recession.
Italy, the current holder of the EU's rotating presidency, called the summit in response to a shock deterioration of the economic outlook in the eurozone's major economies over the summer.
The gloom was heightened on Tuesday with new data showing that German industrial output slumped in August.
The slowdown has been particularly severe in Italy, which is back in recession for the third time in seven years and beset by deflation.
France and Germany are scarcely doing better and some economists worry that the eurozone as a whole is heading for a Japan-style "lost decade" of prolonged negative or zero growth.
Emergency jobs summits have been a regular fixture on the EU calendar for the best part of two decades but the jury remains out on how much impact they have had.
"The tangible results of the jobs summits are small," said Christian Schultz, an economist at private German bank Berenberg.
"Labour market policy remains a domain of member states. The European level can merely provide a little financial support or facilitate the exchange of best practices.
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European Union puts divisions on display at latest jobs summit