ROME: Running an unemployment rate of 11.4%, the 5th largest in the Eurozone, Italy wants everyone to put in 0.5% of GDP to make up a €50bn unemployment fund to support Eurozone countries that face economic shocks that would impact employment. That’s according to Italian news outlet Repubblica.
The ECB’s monetary policy stance is supposed to give conditions to foster growth, which would naturally lead to better conditions and lower unemployment. Their calls for member states to do more structurally to help continues to fall on deaf ears, particularly when you get cap in hand stories like this.