Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-102-000"
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"en.20120418.4.3-102-000"2
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"Indeed, in the past few months, the Italian Government has shown very strong determination and, I must say, an impressive commitment to take up the twin challenge of fiscal consolidation and job-boosting reforms.
As regards fiscal consolidation, the effort made, in fact since 2010, is significant and has helped restore confidence in financial markets, not least thanks to the recent packages of fiscal consolidation that have been adopted by the government and supported by the parliament in Italy. At the same time, the sustainability of Italy’s public finances and, of course, the development of its employment depends on its growth prospects, especially in the context of recession, as is the case today.
The policy response to tackling the long-standing structural weaknesses and boosting the growth potential in Italy has been determined so far, and it is very comprehensive and wide-ranging. The rigorous implementation of the measures that have been adopted so far, especially to open up competition in product and services markets, to improve the business environment, and to make better use of Structural Funds for investment, will be crucial in delivering their full benefits.
The next crucial step is the adoption by parliament of the long-awaited reform of the labour market, which is necessary in the light of the important challenges of the Italian labour market. As recommended by the Council at its recent meeting, Italy should embrace reforms that tackle the segmentation of the labour market by reviewing its employment protection legislation and revising the unemployment benefits system, as well as enhancing the system of active labour market policies. These reforms are crucial, not least because of the unacceptable level of youth unemployment in Italy.
The reform recently adopted by the government following consultations with the social partners has the ambition to comprehensively address the rigidities and asymmetries of the labour market, while moving towards a more integrated unemployment benefit scheme. This should make it possible to find a better balance between flexibility of entry and exit from the labour market and should give rise to a more dynamic and cohesive labour market."@en1
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