Rome - Italy's 12% unemployment rate is in danger of becoming an
economic fixture, the Italian economy minister said Thursday.
Italy's high unemployment "is at risk of becoming
structural, very difficult to eradicate," said Pier Carlo
Padoan, who was chief economist for the OECD before becoming a
member of Premier Matteo Renzi's cabinet.
Padoan added that the prospects for the future of jobs in
Italy is at stake in the European Parliament elections on May
25.
"It will be for better or for worse in view of the
political choices of citizens" in Italy and in Europe, Padoan
concluded.
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