May 26, 2013

Economic Crisis: Youth Unemployment of Nearly 40% with Suicides linked to economic woes

investmentwatchblog: As a severe recession and unprecedented unemployment sweeps Italy, millions of people are struggling to make ends meet. The number of those receiving food assistance has doubled in the past two years, according to a government report.

The data comes from national statistics institute ISTAT, which published an annual report demonstrating, among other issues, that Italy is witnessing youth unemployment of nearly 40 percent 

Read on: http://rt.com/news/millions-italy-poverty-istat-642/


Suicides linked to economic woes

"The tragedy of Civitanova Marche leaves (me) shocked and speechless," said Pier Luigi Bersani, leader of the center-left Democratic Party that narrowly won the most votes in February's election. "We all have to convince ourselves that, out of the spotlight, there is a real and dramatic social emergency."

"They were people with great dignity," Costamagna told CNN in a phone interview.

He has no doubt that they took their own lives because of their economic difficulties.

Please continue reading at: http://edition.cnn.com/2013/04/05/world/europe/italy-triple-suicide/index.html