Prime Minister Mario Monti will impose a plan to ease firing rules, risking strikes and protests, as he seeks an overhaul of Italy’s labor markets to fuel the economic growth needed to trim Europe’s second-biggest debt.
Prime Minister Mario Monti is taking charge of the final round of talks to overhaul Italy’s labor market as he seeks to convince unions that easing firing rules will help bring down a decade-high unemployment rate.
Riccardo Coladarci, a firefighter in Rome for seven years, is trapped and says now it’s time for him to be saved. His temporary job contract doesn’t offer sick days or vacation and pays about 9,000 euros ($12,000) a year, barely enough to make ends meet in Italy.
In just about any other country in the world, Pietro Ichino’s biggest career liability would be finding himself alone in a corner at cocktail parties. Ichino is a professor of labor law. In Italy, that means his life is under threat. For the past 10 years, the academic and parliamentarian has lived under armed escort, traveling exclusively by armored car, and almost never without the company of two plainclothes policemen. The protection is provided by the Italian government, which has reason to believe that people want to murder Ichino for his views.
Italian Prime Minister Silvio Berlusconi lost a key ally today after Industry Minister Claudio Scajola resigned amid allegations of possible impropriety in the purchase of an apartment near Rome’s Colosseum.