IN BRIEF / ITALY
Youth unemployment hits 30.1%, highest since January 2004, according to Istat statistics agency. The November 2011 figure is record. Overall jobless rises to 8.6%, highest since May 2010.
The figures show the ‘total failure’ of policies led by the former right wing government of Silvio Berlusconi, policies that are being continued by the new unelected goverment led by Mario Monti, said Paolo Ferrero of Communist Refoundation.
A million jobs could be financed by cuts to spending on defence and axing the country’s controversial high speed rail project (TAV), he said.