martedì 2 settembre 2014

Financial Times see difficulties in Italy, France reform

Says leaders know problems, but little actual progress made

(ANSA) - London, September 1 - 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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