The International Monetary
Fund said Monday that it will probably take two decades for
Italy to get its unemployment rate down to pre-crisis levels.
"Without a significant acceleration of growth rates, it
will take Spain 10 years and Portugal and Italy almost 20 years
to reduce the unemployment rate to pre-crisis levels," the IMF
said in a report on the eurozone.
Italian unemployment has almost doubled since the start of
the global economic crisis in 2008 and is currently at 12.4%,
having peaked at 13% last year.
The IMF added that Italy should "adopt and implement"
Premier Matteo Renzi's government's planned civil-service
reform, adding that this should feature measures on the
provision of local services, competitions for public contracts
and the management of human resources.
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