03/12/10
“Letter from Rome: New Advocates for Tax Cuts in Italy: Left-wing Unions”
In the March 12, 2010 issue of The Wall Street Journal, Booz & Company Senior Partner Fernando Napolitano (Europe) said the precarious state of the Italian economy could make it difficult for Italy’s main labor confederation to achieve its goals that resulted recently in a four-hour general strike. “With 1.7 trillion euros in public debt, there are no margins for this unless we want to face a Greek tragedy quickly,” said Napolitano of the strikers’ goal. The Italian General Confederation of Labour (CGIL), which represents transport workers, struck March 9 to protest what it said was an excessive tax burden on workers, given widespread tax evasion in Italy by those who are self-employed. It also wants more protection for workers who only have temporary contracts and changes in how the firing of workers can be challenged under Italy’s labor laws.