The IMK's working paper - Labour market regimes and unemployment in OECD countries - analyses the relationship between external labour market flexibility and internal flexibility showing their different impact on the unemployment. The results are at odds with some conventional assumption. In the Abstract an extract of the study. To download go to
It is possible that after the recent huge reverses, Berlusconi's dismal anomaly will be cancelled. However, any future government will be confronted with the ineffective management by Brussels of the European economic crisis.
European economy gets into a vicious downward spiral and the peculiar thing is that fiscal austerity and all the associated economic pain is being chosen not only by countries with obvious repayment difficulties, but all over Europe.