EU leaders pledge massive fund for job-creation as unemployment increases

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The real victims of the economic recession that hit Italy since 2008 are the youth. The national bureau of statistics Istat has recently told a parliament commission hearing that Italy's youth unemployment increased by 7 per cent in the period 2008- 2012 to almost 33 percent. The situation for those aged 15 to 24 is even worse with around four in 10 people out of work in what is the eurozone's third largest economy.

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