EU leaders strike a deal to combat youth unemployment
EU leaders have decided to spend 6 billion euros on combatting youth unemployment. They reached the agreement late Thursday night at the ongoing EU summit.
Sweden will get 300 million kronor of the EU money to use in underprivileged areas.
Some countries argued that 6 billion euros is far from enough to address the problem.
There are around 7.5 million unemployed young adults in the EU. In Greece and Spain, the youth unemployment rate is over 50 percent.