Freedom of contract is key to getting Europe’s jobless back to work

Hundreds of thousands protested on Italy's streets at Prime Minister Matteo Renzi's labour market reforms (photo: dpa)
Hundreds of thousands protested on Italy's streets at Prime Minister Matteo Renzi's labour market reforms (photo: dpa)

Some European countries are buckling under staggeringly high unemployment rates with Greece and Spain having more than a quarter of their population out of work. Their economies are suffering, while others like Italy and France are stagnating, and there is no prospect for growth until sweeping reforms are introduced to the jobs market, including freedom of contract and lower income taxes.

<i>Unemployment rates throughout the European Union are significantly higher than before the 2008 economic crisis, and particularly worrying among the young. Unemployment is a consequence of slow growth and one of the causes of stagnation. Italy’s Prime Minister Matteo Renzi deserves credit fo...

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