The Governor of the Bank of Italy underlines the seriousness of unemployment Youth: stagnant wages for entry of the 80
Bank of Italy Governor Mario Draghi, analyzes the possible impact of expensive oil on our economy. And if supplies from North Africa can now be replaced by other supplier countries, "the dramatic events we are seeing - he says - could weaken investment in the oil industry in that area, and the energy to lay it on thick, with repercussions on global growth. "
last week, oil prices have been rising by an average of 14%, with a peak of $ 119 a barrel for Brent North Sea and more than $ 100 for WTI American. The prices have dropped below the maximum only the announcement of increased production by Saudi Arabia.
Growth Italian struggling for 15 years - says
Dragons - with a growth rate in 2011 designed to reach around 1 per cent. And the impact of the crisis in Libya may worsen things much: a 20% increase in oil prices creates a risk of lower GDP growth by half a percent over three years - warned the governor.
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