PARIS, May 28 (Xinhua) -- French President Francois Hollande on Tuesday called on his European partners to speed up moves to implement mechanisms able to reduce the rampant unemployment rate across the debt-ridden eurozone.
"We must act urgently. There are 6 millions young people without jobs ... that ask our help... Are we going to leave today's generation without prospects?" Hollande asked.
Speaking at a meeting organized by Berggruen Institute at Sciences Po Paris, the president pointed out the emergency to mobilize the five-year European fund, worth 6 billion euros (7.7 billion U.S. dollars), to stimulate job creation mainly in countries where joblessness rate exceeded 20 percent.
"Going fast is the primary objective when there is an emergency, and there is urgent need for youth employment... Today, there is a willingness to mobilize the European Investment Bank's fund. Let's speed moves," he said.
The unemployment rate of young Europeans reached 23.6 percent in January, more than double that of older generations.
Considered creating jobs his "sole priority and mobilization," Hollande also wanted to mobilize financing to provide enough liquidity to firms across the eurozone to encourage their initiatives to recruit poorly-skilled young workers.
As part of the join efforts to draw a common roadmap to reduce unemployment, Hollande met with French, German and Italian finance and labor ministers, hoping that Paris initiative will lead to the adoption of a concrete working plan during next European Council meeting scheduled for June 27 and 28.
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