Thousands protest austerity measures in Rome. Photo: Reuters
Italy’s President Fears Violent Insurrection In 2014 But Offers No Remedy -- Ambrose Evans-Pritchard, The Telegraph
Events in Italy are turning serious. President Giorgio Napolitano has warned of “widespread social tension and unrest” in 2014 as the Long Slump drags on.
Those living on the margins are being drawn into “indiscriminate and violent protest, a sterile lurch towards total opposition”.
His latest speech is a veritable Jeremiad. Thousands of companies are on the “brink of collapse”. Great masses of the working people are on the dole or at risk of losing their jobs. Very high rates of youth unemployment (41pc) are leading to dangerous alienation.
“The recession is still biting hard, and there is a pervasive sense that it will be difficult to escape, to find a way back to full growth,” he said.
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My Comment: All of my Italian friends are telling me the same thing .... there is no future for young people in Italy. There are no jobs, no opportunity, a system rigged against entrepreneurs, and .... more to the point .... government officials who want to implement the same policies that put Italy into this mess in the first place.
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