Italian Premier Matteo Renzi
and French President Francois Hollande "have identified the
problems" regarding reforms, "but their attempts to push through
reform have made little headway against special interests and
inertia," said The Financial Times in an editorial on Monday.
The editorial cited the notoriously slow and
bureaucracy-laden Italian judicial system and France's
complicated notary system as two obstacles stifling economic
growth, as well as a labour system that divides into two
classes: protected full-time workers and lower-paid temporary
workers.
According to the editorial, the solution is to "orient"
labour protection and worker representation to create "as many
secure and high-wage jobs as possible, not just for a privileged
elite".
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