Italy's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Italy secures job boost fund

Share this article

Italy secures job boost fund
Italy's Enrico Letta secured the funding at an EU summit today. Photo: Vincenzo Pinto/AFP
15:00 CEST+02:00
Italian prime minister Enrico Letta declared a victory for Italy today after securing an EU funding package that will create new jobs for young people.

The €1.5 billion package will help get an estimated 200,000 young Italians into work.

Letta said the deal was a "major achievement for Italy and the European Union," according to a report in La Stampa. "We have won on youth issues and fairness from the European Investment Bank (EIB)," he added.  Letta emphasised the commitment of the Italian government towards fighting youth unemployment.

Most of the money will be spent in the poverty-stricken south of the country, but will also ease the employment of people on temporary contracts throughout Italy while boosting training, internship and school-leaver schemes.

The measures will include fiscal incentives for companies that take on people under the age of 30.

EU leaders agreed to pay out €6 billion overall to tackling youth unemployment across Europe, which affects more than half of Greece and Spain's young population and more than 40 percent in Italy. 

Jobs in Italy
Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

VIDEO: Three surprising facts that will make you want to visit Malta

Game of Thrones has ended but it lives on in Malta! Find out how and learn two more unexpected facts about this little archipelago in the middle of the Med.