THE IMPACT OF ANTI-CRISIS MEASURES, AND THE SOCIAL AND EMPLOYMENT SITUATION: ITALY Elisa Borghi, Università Carlo Cattaneo – LIUC KITES- Università Bocconi European Economic and Social Committee Group II Extraordinary Meeting Brussels, 28th February 2012
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THE IMPACT OF ANTI-CRISIS MEASURES, AND THE SOCIAL AND EMPLOYMENT SITUATION: ITALY
THE IMPACT OF ANTI-CRISIS MEASURES, AND THE SOCIAL AND EMPLOYMENT SITUATION: ITALY. Elisa Borghi, Università Carlo Cattaneo – LIUC KITES- Università Bocconi. European Economic and Social Committee Group II Extraordinary Meeting Brussels, 28th February 2012. Contents. - PowerPoint PPT Presentation
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THE IMPACT OF ANTI-CRISIS MEASURES, AND THE SOCIAL
AND EMPLOYMENT SITUATION: ITALY
Elisa Borghi, Università Carlo Cattaneo – LIUC
KITES- Università Bocconi
European Economic and Social Committee
Group II Extraordinary Meeting
Brussels, 28th February 2012
Contents
• Relevant measures 2008-2011
• Main effects
• The decree ‘Save Italy’: expected effects
• Conclusions
Introduction: the crisis
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Var. Cong Var. Tend
Quarterly GDP (growth rate)
Relevant measures 2008-2011
• November 28th, 2008 Anti-crisis decree (35 articles providing for an economic recovery package amounting to €6.4 billion)– Extraordinary bonus to families– Fund for Employment and Training – Tax relief on productivity bonuses (extension)– Social Card
• Urgent measures approved in 2009– Decree 5/2009, 10th February 2009– Decree 1st July 2009 n.78– Law n.121/ 3rd August 2009
• Budget Law 2010 (December 2009)
Relevant measures 2008-2011
• May 2010 – “Urgent measures for financial stability and economic competitiveness”
• Budget Law 2011, December 2010• Measures for financial stability:
– July 2011, n. 98/2011 and 111/2011– August 2011, n. 138/2011 – December 2011 ‘Save Italy’ decree