Obama Urges Europe to Adapt for Jobs at Meeting With Merkel
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President Barack Obama said that European leaders facing a scourge of youth unemployment should adapt their policy response as Chancellor Angela Merkel defended her focus on cutting budgets and increasing competitiveness.
Both leaders reiterated a commitment to promoting employment and growth outlined at this week’s Group of Eight summit. With Europe facing 24 percent youth joblessness, Obama said policy makers need to change course in the face of record unemployment.