How to solve southern Italy’s unemployment problem
Borrowing Germany’s model of wage bargaining would help
ON A CLEAR day, from Messina in northern Sicily you can see Calabria on mainland Italy’s southern tip. The strait between them is the supposed location of Scylla and Charybdis, the mythical sea monster and whirlpool between which Homer’s Odysseus had to choose on his voyage home. Italians on either side of the strait face another hazard today—unemployment. In 2017 about a fifth of the workforce in the south, and over half of young people, were out of work.
This article appeared in the Finance & economics section of the print edition under the headline “A perilous choice”
Finance & economics March 30th 2019
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