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Santa Margherita Ligure

Italy risks social 'revolt' say young employers

07/06/2013

'Anguish today, tomorrow empty of hope' says Morelli

Italy risks social 'revolt' say young employers

Santa Margherita Ligure, June 7 - Soaring jobless rates and the lack of prospects for young people mean politicians face a social "revolt" in Italy, young employers said Friday. "They (the politicians) have emptied tomorrow of hope and filled the present with anguish," said the head of the young employers' branch of influential industrial confederation Confindustria, Jacopo Morelli. He warned: "Without prospects for the future, the only prospect becomes revolt". More than 40% of Italian 15-to-24-year-olds are out of work while businesses are shutting down all over the country and the rate of start-ups is at an all-time low. Many of the best young Italian minds and talents are leaving the country while those that stay face the bleakest job propects in decades and the impossibility of starting families, amid widespread talk of a 'lost generation'. Moretti said Enrico Letta's new government, which has vowed to revive an eceonomy in its longest recession for 20 years, must help Italian entrepreneurs and workers "pursue together development, growth and social cohesion".