Sabato, 20 Ottobre 2018

'No alibi' for firms not to hire now says Letta


Rome, June 28 - Companies in Italy and the rest of
the European Union no longer have "any alibi" for not hiring
young people amid rampant youth unemployment, Italian Premier
Enrico Letta said after an EU summit that set up a
six-billion-euro job creation fund Friday.
"Now it's up to the businesses, firms haven't got an alibi
any more, they can hire young people," Letta told a post-summit
press conference.
Letta said big tax breaks lined up under the scheme, which
could eventually reach nine billion euros, would enable
companies to take on young workers in countries like Greece,
Spain and Italy, with youth unemployment rates of 53%, 52% and
41% respectively.
However, with the EU economy flatlining in most member
States or in recessions in more fragile nations like Greece,
Spain, Portugal, Ireland and Italy, Letta cautioned, "we must
not raise our expectations too high on the jobs front".

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