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| Italy’s Prime Minister apologizes to unemployed Italian young people |
| Roma, 03.06.2013 |
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| Italy’s Prime Minister Enrico Letta has apologized to unemployed Italian young people who must leave the debt-stricken country to find jobs, after the nation’s unemployment rate reached its highest level in at least 36 years.
The 46-year-old Letta made the apology in a letter published in La Stampa newspaper on Sunday.
The Italian official also wrote in the letter that “The biggest debt that we are accumulating, by repeating the mistakes of the previous generations, is towards the young people, which is an unforgivable mistake.”
This comes after the Rome-based national statistics office, Istat, said on Friday that the jobless rate for people between the age of 15 and 24 rose to 40.5 percent in April, the highest since the institute started collecting data on Italy in 1977.
Joblessness soared to 12 percent in April after the March reading was revised to 11.9 percent from an initial 11.5 percent, Istat said.
Tough austerity measures, spending cuts, and pension changes introduced by Italian Prime Minister Mario Monti’s government have stirred serious concerns for many people already grappling with the country’s ailing economy.
Italians have been staging protests against high unemployment, economic adversity, and hardship over a series of government-imposed austerity packages in the recent years.
The government says the reforms are needed to create jobs, increase competition, and cut costs in the economy.
Italy started to experience recession after its economy contracted by 0.2 percent in the third quarter of 2011 and by 0.7 percent in the fourth quarter of the same year.
Over the past decade, Italy has had the slowest growing economy in the eurozone.
The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered incidents of social unrest and massive protests in many European countries.
MAM/PR |
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