The Economist - 2015-02-28 by The Economist Group

Author:The Economist Group [The Economist Group]
Language: eng
Format: epub, mobi
Tags: News, The Economist
Published: 2015-02-26T23:01:24.708000+00:00

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Italy’s labour market

Marching to a different tune

A bold move to free up employment

Feb 28th 2015 | ROME | From the print edition

WHILE many people’s eyes were on Greece, another southern European country was taking a very different approach to easing its economic plight. On February 20th Italy’s left-right coalition headed by Matteo Renzi approved two decrees enacting the core of an employment reform that parliament had broadly endorsed last year.

The measures aim to close a yawning gap between Italy’s labour-market “outsiders”, who are mostly younger workers on short-term contracts with scant entitlement to welfare benefits, and the protected “insiders”, typically older workers, who enjoy both job security and the certainty of an adequate pension.

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