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Napolitano: "Financial rigor is not closed, invoking growth is not enough"

According to the Head of State, "the great problem of fiscal consolidation has not been overcome, however energetically tackled by this Government" - As for the Fornero reform, "we need a more transparent, better regulated and efficient labor market, but we also need new jobs for the young people".

Napolitano: "Financial rigor is not closed, invoking growth is not enough"

“There is a brief return of a rather 'winter' climate to the markets, which we hope can be quickly overcome”. But for this to happen,"the somewhat annoying and vaguely controversial invocation of growth is not enough, as if there were deafness on this, as if the chapter of financial rigor was closed”. The President of the Republic said, Giorgio Napolitano, during the presentation at the Quirinale of the 'Gse, energies for social' project, referring to the negative performance of the Stock Exchanges in recent days, and in particular to the collapse yesterday.

The Head of State recalled that "the great problem of fiscal consolidation has not been overcome, however vigorously the issue of recovery and balance of public finances has been tackled by this Government". Now, Napolitano admitted, “we are haunted by the relaunch of production and employment growth. There are alarming, disturbing data not only in Italy but also in Europe ".

JOB MARKET

As for the latest Fornero reform, the President of the Republic underlined that "we need a more transparent, better regulated and efficient labor market, but we also need new employment for young people“. The Head of State recalled that in the country there is “serious youth unemployment and unemployment which weighs on families, a lack of employment prospects for young people. This – he assured – will be taken into account in Parliament in the discussion on the reform of the labor market”.

SOCIAL DESEASE

"There is a worsening of social and family hardship to which urgent attention must be paid", Napolitano finally said, underlining that "the phenomena of poverty or risk of poverty cannot fail to worry and alarm" which are rightly distinguished by Istat ”.

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