Italy's anti-establishment government to tear up Renzi's labour reforms

Posted on Jun 4 2018 - 5:24pm by admin

Just two days after Italy’s new government was officially sworn in, Five Star Movement leader Luigi di Maio said he would scrap the reform instructed by Italy’s previous administration.

The legislation, introduced by former Prime Minister Mr Renzi in 2015, paved the way for large companies to sack staff easily and offered fiscal incentives for businesses who hired workers on new, less-protected terms.

But in a Facebook post, labour and industry minister Mr Di Maio raged: “People not only don’t have any job security to get married, they don’t even have any job security to book their holidays.”

Italy’s new government was sworn in on Friday putting an end to three months of political turmoil.

But Italy’s crisis could continue after the coalition, made up of the Five Star Movement and Matteo Salvini’s Lega, vowed to slash taxes, hike spending and challenge EU budget legislation which may all add to the troubled nation’s eye-watering €250billion debt.

Mr Di Maio and his eight-wing partner Mr Salvini both pleaded for the European Central Bank to pardon Italy’s debt.

But their request was met with backlash from Jean-Claude Juncker who not only accused Italians of being work-shy but, in a second blow, accused them of being corrupt.

Though he later issued an apology for his comments.

He said: “Italians have to take care of the poor regions of Italy.

“That means more work, less corruption, seriousness.”

German Chancellor Angela Merkel also snubbed Italy’s plea for debt relief putting the eurozone on the brink of an almighty clash.

Speaking to the Frankfurter Allgemeine Sonntagszeitung, she said in an interview that the EU would not turn into a “debt-sharing union”.

The 63-year-old added that while member states standing together was important, “solidarity among euro partners should never lead to a debt union, rather it must be about helping others to help themselves”.

She also said: “I will approach the new Italian government openly and work with it instead of speculating about its intentions.”

In the March election, populist Five Star Movement scooped 32.22 percent of the votes, followed by Mr Renzi’s Democratic Party with 18.9 percent.

Lego came in third in the polls with 17.69 percent.

Leave A Response