Rome

Italian president calls for 'pact between generations'

Jobless rates among young Italians alarmingly high

Italian president calls for 'pact between generations'

Rome, December 4 - Italian President Giorgio Napolitano on Tuesday called for a new "pact between generations" to help young people struggling to find career opportunities. The jobless rate among 15-to-24-year-olds in October was 36.5%, the highest since monthly records began in January 2004 and quarterly records started in the fourth quarter of 1992, Istat said last week. The national statistics agency said some 639,000 15-to-24-year-olds are looking for jobs. Earlier this year Istat said one in five Italians between the ages of 15 and 29 was Not in Employment, Education or Training (NEET), according to its calculations for 2010. "A great challenge is to find the solidarity to overcome vested interests and selfishness via a pact between generations that leads to a sustainable model of development for the construction of a more just, more cohesive and more inclusive society," Napolitano said.

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