Connect to share and comment

Italy adopts crisis measures on youth jobs

The Italian government unveiled emergency measures on Wednesday to tackle youth unemployment and delayed a rise in sales tax to ease the impact of budget austerity. A package of about 1.5 billion euros ($1.95 billion) of European and national funds is being released to finance action to get 200,000 young Italians into work, Prime Minister Enrico Letta said at a press conference. In a statement, the government said the aim was "to improve the workings of the labour market, increase employment, especially among the young, (and) support families in difficulty."

Italy adopts crisis measures on youth jobs

The Italian government unveiled emergency measures on Wednesday to tackle youth unemployment, and delayed a rise in sales tax to ease the impact of budget austerity. A package of about 1.5 billion euros ($1.95 billion) of European and national funds is being released to finance action to get 200,000 young Italians into work, Prime Minister Enrico Letta said at a press conference. The national unemployment rate in April rose to a record 12 percent and youth unemployment reached 40 percent as the country struggles to shake off the grip of a two-year recession.

Italy to present tax break package to fight youth unemployment

By Giuseppe Fonte ROME (Reuters) - Italy will present emergency measures on Wednesday to try to tackle record-high youth unemployment, including tax breaks for companies that hire young people, Prime Minister Enrico Letta told parliament. Letta has repeatedly said getting young people into work will be the top priority of his fragile, right-left coalition and the package to be approved by the cabinet on Wednesday is the first step to convert the rhetoric into policy.

Italian government freezes tax

Italy's coalition government on Friday adopted draft laws to boost funding for redundancies and freeze a property tax, partly fulfilling an election promise by Silvio Berlusconi's People of Freedom party that threatened to split the cabinet. Another draft bill adopted by the cabinet abolishes the double salary received by government ministers who are also members of parliament -- a response to widespread anger in Italy against perks enjoyed by politicians.

Italy's Letta calls for EU plan against youth unemployment

Italian Prime Minister Enrico Letta on Friday called for the European Union summit in June to adopt a strategy to combat youth unemployment. "Europe has to provide answers on youth unemployment," Letta said after talks with European Parliament speaker Martin Schulz, adding that the plan should contain concrete measures. dt/vjf

Italy's Letta calls for EU plan against youth unemployment

Italian Prime Minister Enrico Letta on Friday called for the European Union summit in June to adopt a strategy to combat youth unemployment with concrete measures to be implemented immediately. "Europe has to provide answers on youth unemployment," Letta said after talks in Rome with European Parliament speaker Martin Schulz. "Without jobs for young people there is no hope, either for the member states or for Europe," he said.

Italy deputy econ minister calls for more time on deficit goal

MILAN (Reuters) - Italy should seek two more years to meet its deficit targets, new deputy economy minister Stefano Fassina said in a newspaper interview on Sunday, underscoring splits within the ruling coalition on the central issue of austerity versus growth. "I consider it absolutely necessary," Fassina, a leading critic of Europe's austerity programs, told La Repubblica daily.

Letta says Italy can boost growth without increasing debt

By Gavin Jones ROME (Reuters) - Italy can stage an economic recovery without increasing its huge public debt, Prime Minister Enrico Letta said on Monday ahead of a meeting with his Spanish counterpart where he hoped to find support for his calls for a policy switch in Europe. Data on Monday offered a glint of hope that Italy's longest recession for 20 years may be gradually easing, though the euro zone's third largest economy is still expected to contract sharply in 2013 for the second year running.

Junior Italy minister removed after comment on gays

ROME (Reuters) - A junior Italian equal opportunities minister was removed from her post on Saturday less than 24 hours after being sworn in to the new coalition government, after she said gays invited discrimination by "ghettoizing" themselves. The abrupt departure of Michaela Biancofiore to another ministry was a fresh reminder of just how delicate Prime Minister Enrico Letta's fledgling left-right coalition is.

Italy urges fast EU action on youth unemployment

Italy's new premier urged the European Union on Monday to act quickly to tackle the problem of high youth unemployment, calling for it top the agenda at a summit of EU leaders next month. "I think youth unemployment really has to be at the centre of everything. It can't be that political leaders see as normal that one in two, or one in three, European youths don't work," Italian Prime Minister Enrico Letta said at a joint news conference with his Spanish counterpart Mariano Rajoy.
Syndicate content