Employment and growth in Italy

Federico Fubini illustrates on Corriere della Sera recent data from Eurostat, and shows two of major gaps of the Italian economy: the share of working people out of population (36,8%), which is very far from the EU average (and the worst after the Greek 33,4%) and is much higher than the official unemployment rate (10,8%); the cumulative GDP trend between 2007 and 2012, at -3,6% in Italy against +6,3% in Germany.

Figures which should worry the policy makers much more than the famous spread between State bonds in the EU.