Thursday, October 9, 2014

Jobs act, Draghi: “I do not think there will be massive layoffs” – Corriere della Sera

Jobs act, Draghi: "I do not think there will be massive layoffs" – Corriere della Sera



Milan , October 9, 2014 – 18:49

     
     
 

” I do not believe “that the labor reform in Italy will result in massive layoffs . This was stated by the president of the ECB, Mario Draghi, noting that Italy has for years been in recession and unemployment is already high, companies have already acted. According to Dragons’ Italy – said the president of the ECB – has for years been in recession and unemployment is already high and the companies that wanted to dismiss have already done. ” “Unemployment is an incentive for governments to act,” added the ECB president speaking at the Brookings Institute according to which “the voters should send home the governments that have failed to act against unemployment.” Draghi said that the reforms of the labor market should be aimed at facilitation of recruitment, especially of young people, not to simplify the layoffs.

“Governments must have the space budget”

“Questioning the spirit of the context of fiscal governance would be self-defeating,” self-destructive. The ECB said the president stressed that “governments must have the space budget, and the sustainability of public finances should not be doubted.”

“Shooting has lost momentum,”

The president of the European Central Bank explained that nell’aerea € “the modest recovery has lost momentum.” Draghi went on to explain that, even if there are “pervasive and systemic risks to financial stability,” rates will remain low for an extended period.

October 9, 2014 | 18:49

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