Amid such supply-demand conditions in the labor market, the year-on-year rate of increase in hourly scheduled cash earnings of part-time employees, which are responsive to supply-demand conditions in the labor market, has exhibited relatively high growth recently of around 2.0 percent on average.
The situation in the Italian banking system, as also described in the IMF’s Financial Sector Assessment Program (FSAP) of September 2013, was very different back then: Italian banks had not been affected by these issues.