The “drama of unemployment” will be one of the priorities that US President Barack Obama will seek to tackle during the G8 meeting in Northern Ireland, amid hopes that the planned transatlantic free trade agreement will create “hundreds of thousands of new jobs,” reports La Repubblica.

Soaring youth unemployment in Europe was the main issue during the June 17 bilateral meeting between Obama and Italian premier Enrico Letta, who spoke of the meeting in very favourable terms.

But Letta also had a moment of embarassment when he had to rebuff his coalition partner Silvio Berlusconi’s call to “break the EU fiscal compact” to finance tax breaks and stimulus measures, as “they would not kick us out [of the euro] anyway.”