Domenica, 23 Settembre 2018

Letta sees autumn problems even though recovery is coming


(see related stories on 'to do' package, Bonino)
Rome, August 9 - Premier Enrico Letta said Friday
that Italy risked enduring a difficult autumn, even though he
sees the country emerging from its longest recession in over two
"There are signs of growth and recovery," Letta told a
press conference.
"But the social climate it very hard and full of
difficulty. This is the greatest risk for autumn".
Letta stressed that the government must try to foster
economic growth that also creates jobs.
Italy's unemployment rate is over 12% and around four-in-10
young people aged 15-24 are out of work.
"We are very aware of the fact that his recovery risks
being a recovery without job growth," Letta said.
"This is a big risk, but we want to work to ensure that it
is not anemic growth. It is necessary to link growth to work".
On Friday parliament gave definitive approval to a
government package of measures deemed urgent to boost growth,
including measures to cut red tape and free up around three
billion euros for public works projects this year that should
create 30,000 temporary construction jobs.
Earlier this week parliament passed another decree aimed at
fighting youth unemployment, with tax breaks for companies who
take on under-30s or turn their temporary or freelance contracts
into permanent full-time posts.
The decree is targeted at the young people worst equipped
to face up to the effects of the recession, such as those
without a high-school diploma, those living alone and those who
have another person depending on them.

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