Youth unemployment still too high: Draghi

The head of the ECB has said youth unemployment across Europe remains far too high despite the marked economic recovery from the depths of the financial crisis.

Speaking to students at TCD in Dublin, Mr Draghi urged EU governments to adopt a package of measures such as training, reforms and “a uniform degree” of safeguards for workers to deal with unemployment blackspots that blight a number of countries.

Dubbed the saviour of the euro following his pledge of 2012, Mr Draghi told an audience that included Central Bank officials and governor Philip Lane, that employment prospects for young people have worsened considerably since the 1970s.