Lagarde arrives at the opening season gala of the Milan’s La Scala opera theater.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
IMF chief Christine Lagarde Tuesday warned Italy it could be heading for a social explosion if it fails to address chronic levels of youth unemployment and a "toxic" economy.In a gloomy speech at Milan's Bocconi university, Lagarde quipped that Italy's 43 percent jobless rate among 15-25-year-olds would "make even the Mona Lisa frown". But she made it clear that the unemployment crisis, which has sent emigration to a 10-year high, was no laughing matter against a toxic backdrop of low inflation and low growth across much of Europe.Lagarde said the impact of low growth was three times as severe for young job seekers for older adults.
FOLLOW THIS ARTICLE