That’s according to Italy’s federation for Italian employees, Confindustria.

Italian PM has made bold pledges about reducing unemployment and putting more money into the pockets of low earners but he faces the continuing task of getting Italy’s fiscal house in order. From what I can gather many are worried that that any moves to increase money to those on low pay will be be sucked out just as quickly from further austerity measures including cuts to public services and local tax hikes. Italy has managed to keep to the EU 3% target for their budget deficit and it will be unlikely that they’ll be allowed to stretch that out, despite the call from the federation who said;

“Negotiations need to be opened so that Italy, along with the other countries in the same situation that request it, are allowed the margins of flexibility that are in the stability pact in exchange for a robust series of structural reforms.”