Matteo Renzi, Scrapper in the Swamp

A challenge for Europe is that many talented, skilled young adults cannot find work. Italy’s Prime Minister Matteo Renzi would like to jumpstart the economy by “breaking it open to competition,” journalist Joji Sakurai explains for the New Statesman. Italy confronts “a struggle of allegiances versus globalisation; gerontocracy versus meritocracy; made-in-Italy quality versus stark economic efficiency – and the rule of law versus the tendency to bend it.” The profile suggests that Renzi is ambitious, opportunistic and pro-business, but reforms move slowly. Italy, steeped in debt, is divided between the poor south and wealthier north. Young job hunters must navigate a business culture of nepotism, corruption and entrenched interests. Foreign direct investment has increased, but unemployment remains high as companies rely on short-term contracts for labor. Italy’s commitment on social protections and lifelong work does not extend to the young, and the most talented often seek work outside the nation. – YaleGlobal