Speaking on the sidelines of the summit , Swedish Prime Minister Fredrik Reinfeldt said he reckoned at least half of the EU funds agreed will be directed towards Greece , Spain and Italy where the issue is more acute . A quarter of the European Union 's 16 to 25 year-olds are out of work . The unemployment rate in Greece is over 20 percent and has been for some time now, but it was only recently that a new government took office with an anti-austerity agenda. They also plan to roll out 6 billion euros to the hardest hit countries . EU Employment Commissioner Lazlo Andor says 'there is no silver bullet '
A quarter of the European Union 's 16 to 25 year-olds are out of work . The unemployment rate in Greece is over 20 percent and has been for some time now, but it was only recently that a new government took office with an anti-austerity agenda. They also plan to roll out 6 billion euros to the hardest hit countries . EU Employment Commissioner Lazlo Andor says 'there is no silver bullet '