Italy's Prime Minister Matteo Renzi defended his labour reform programme Friday, playing down gloomy unemployment data and insisting the debt-laden country was on the right path to growth.
The jobless rate rose in June to 12.7 percent, up 0.2 percent on a month earlier, the National Institute of Statistics said -- a figure grasped by opposition parties as proof that Renzi's 'Jobs Act', launched in March, was failing.
The data for youth unemployment was particularly striking, showing it had risen to 44.2 percent in June -- the highest level since 1977.
"With the Jobs Act we have stimulated the job market, we have made a big investment but employment is the last thing to pick up after a period of crisis," the premier told a press conference, insisting the results were "weak but encouraging".
"There is still much to do... but we are headed in the right direction," he said.
While the centre-left leader has made the 'Jobs Act' a cornerstone of his premiership, saying it will boost productivity and growth, it has been slated by the country's powerful trade unions for undermining workers' rights in favour of big businesses.
Renzi insisted that "those who were mistrustful are now beginning to believe", but steered clear of a report by the Svimez Institute which warned the impoverished south of Italy risks being trapped in a permanent cycle of underdevelopment.
"The prime minister believes Italian citizens to be particularly stupid," said MP Stefano Fassina, who broke from Renzi's Democratic Party (PD) earlier this year.
Lawmakers from the anti-establishment Five Star party released a statement asking: "What is the result four months after the launch of the Jobs Act? Fewer rights without more work in exchange".
"The government has accomplished nothing, the situation for Italians continues to worsen," it said. .
"Renzi's Titanic is headed straight for the iceberg."
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor