Italy and France are the big problems of Europe: unit labour costs increase despite their dramatic decrease of productivity

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Italy and France are the big problems of Europe: unit labour costs increase despite their dramatic decrease of productivity

SCdM
Pubblicato da SCdM in Economia e Finanza · 16 Febbraio 2013


In OECD report is clearly indicated that Italy and France are the two big countries in Europe where unit labour costs highly increased despite a systematic decrease of productivity.
Instead, in Germany the unit labour costs followed the productivity cycle, drecreasing in the first years of last decade and then it increased when Germany, after a period a restructuring, it improved its productivity.
If Italy and France will be unable to adjust their unit labour costs to productivity trends they will destroy European Monetary Union.




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