EU summit opens amid protests

AAP, with a staff reporter

European Union leaders have opened a summit targeted by thousands of anti-austerity protesters, talking about how to loosen government spending to bring down record unemployment, especially among youths.

The two-day talks will feature a gathering of eurozone-only leaders overnight and eurozone finance ministers later on Friday, tackling a multibillion-euro bailout for Cyprus - the fifth for an EU state since Greece first needed rescuing three years ago.