More than 80,000 Italians apply for just 30 bank jobs.

[Deleted]

This is not going to solve their domestic issues. I am not a huge fan of free movement of labor from countries miles away from the German standard. A country should at least try to hold qualified people, unless the country wants to commit Sudoku.

Me neither, but the South is politically inept and people shouldn't suffer because of that. They are free to change their fortunes by moving to countries with a proper political system though.

[Puri]

Italy has several structural problems (north vs. south), but it's economy is strong unlike Greece. It's the 4th largest economy in the EU, and the GDP per capita is almost twice as high as that of Greece.

But just as Greece the major problems of Italy is the great national debt that accumulated over years where state given benefits vastly outdid the actual income, followed by high industrial and commercial taxation. But offering those benefits made people elect those people again and again, which finally lead to the situation we have now, and changing those things obviously is vastly unpopular.

[StayTuned]

Me neither, but the South is politically inept and shouldn't suffer because of that. They are free to change their fortunes by moving to countries with a proper political system though.

Which is a moral, political and financial dilemma. Italy, Greece, Croatia... you name them. Countries with a high deficit in terms of employment and future prospect. If everyone who is qualified leaves the country, the country itself will have nobody left to run it anymore. The finer cogs (blue and white collar workers) will disappear and have you ever seen a functioning watch with only one large cog working half-assedly? I haven't.

Yes, it is awesome (most of the time) that people are free to

change their fortunes by moving to countries with a proper political system

However, a country should always prioritize keeping that brainpower inside their own borders.

[Deleted]

This is not going to solve their domestic issues. I am not a huge fan of free movement of labor from countries miles away from the German standard. A country should at least try to hold qualified people, unless the country wants to commit Sudoku.

I want to commit Sudoku!

The problem is that - just as in Greece - people need their mindset to change. Italy has had several big strikes in the recent months and years, which of course does not really incentivize companies to go there. No companies, no jobs. Sure, it is very difficult to adapt to a shift from "living the good life" to "working hard for a good life", but someone needs to do it. If the current generation isn't willing to, then it will just shift to their children.

That's the sad part about Greece as well: A share of people were living great without producing much value and now others have to work all the much harder for much less to make up for that.

[Mister K]

On the positive sides, if you think about visiting out country, you definetly will be satiesfied, and will want to return. Especially if you like touring and visiting, or have an interest for history and cooking.

Still a great place to be in, not a good place to LIVE in now tho

It surely is. I went to Favignana last September and it was truly amazing.

[Deleted]

It surely is. I went to Favignana last September and it was truly amazing.

Nice! good to know we are still god at something :P

[Deleted]

Or more accurately that Italy has some massive political and economial management issues since WW 2.

I'm 25% italian, love the country, but it's a mess. And if anything joining the monetary union protected Italy way more than if they currently were outside.

The monetary union is an issue for all of its member states, because politicians deigned it an excellent idea to start from the end point and work backwards from there. If you want a functioning monetary union, you work to equalize its members as much as reasonably possible before implementing a single currency to tie them all together. Much of the growing pains we've and will experience going forward could've being prevented or minimized.

The issue with that ideal is that the noses in Europe never quite point in the same direction and every member state is overly occupied with their own interests. So that just makes a monetary union a bad idea, because cultural unification won't magically appear from it as politicians hope. If anything, it's having the opposite effect.

It's almost like Italy has the most corrupt politicians/businessmen in the Eurozone.

I think the majority of populations think the same of their own politicians and or businessmen.

[Themius]

Yet the SJWs argue the EU doesn't have enough people to fill these jobs and need to import the third world to fill them.

I had no idea Italy was the whole eu. Fascinating.

[I Push Buttons]

I had no idea Italy was the whole eu. Fascinating.

Its a single market with free movement between countries.

You would think a worker shortage in one participatory country would be addressed by a worker surplus in another participatory country, addressing the needs of their own citizens first and foremost... But alas, such a suggestion is racist and evil. I am sorry.

[zealo]

Yet the SJWs argue the EU doesn't have enough people to fill these jobs and need to import the third world to fill them.

I doubt many of those people are applying for banking jobs in the first place.

If anything, it's more low skill sectors were native Italians would find competition from third world immigrants, with the competition for jobs like these being educated Italians and otherwise multi-national native Europeans.

[Ealyssa]

If you want a functioning monetary union, you work to equalize its members as much as reasonably possible before implementing a single currency

By what law ? Who stated that fact ? It's actually only in your head. The only required FACT needed to creat a monetary union is the will of 2 or more countries, period. Equalizing the country not only is not feasible, but also not necessary at all as long as the richest country understand that the first steps of the union will be a bigger profit the the poorest one, that will in a second time help them by increasing their market size.

France and Germany knew what they made, and still made it. Because they gained of it in the long term. Poorest countries happily joined for the obvious gain of a stronger currency (clearly obvious when you compare the Italian currency pre Euro, which was a bottomless hole)

The issue with that ideal is that the noses in Europe never quite point in the same direction and every member state is overly occupied with their own interests.

Also irrelevant as political and monetary goal are independent. The european central bank doesn't take orders from Paris or Berlin.

So that just makes a monetary union a bad idea, because cultural unification won't magically appear from it as politicians hope

Monetary union has no link with a cultural unification. Not only is that a stupid assumption. But also show your stinky ideology.

I think the majority of populations think the same of their own politicians and or businessmen.[/QUOTE]