Italy Stenta
Draghi: "Italy struggling for 15 years, most courageous reforms for families" The Governor of Bank of Italy " This would also give impetus to growth. "
wages of young people stopped for 10 years (source Corriere della Sera)
MILAN -" In Italy, the stunted growth of fifteen years' and growth rates "are around 1%" while domestic demand remains "weak." This was stated by the governor of the Bank of Italy, Mario Draghi, asking "the most courageous actions of reform that would improve the expectations of businesses and families and would add impetus to growth. " Italy, Draghi underlines the 17th Congress of the Forex financiers in Verona, "has great resources, many companies have a great entrepreneurial skills, its people are industrious and thrifty."
CRISIS LIBYA - According to the Governor, "a 20% increase in oil prices results in a lower growth of gross domestic product of half a percentage point over three years." For this, he explained, "the human dimensions and the outcome still uncertain of the popular uprising that shook Libya concern to the international community." The immediate impact of any difficulties in the supply of energy from North Africa seconds Dragons' From the large spare capacity may be contained in other producing countries, but there could be "repercussions on global growth."
WAGES INPUT STILL BE 10 YEARS - "The wages of the market entry of young people, in real terms, are still more than a decade to levels below those of the eighties," said Draghi, that "the recession has made it more difficult situation. The youth unemployment rate close to 30%. It accentuates the dependence on wealth and income of parents, a strong factor of social inequity. It is a waste of resources that affect young people and seriously degrades the efficiency of the production system. "