First of all, it may be attributed to the failure of globalisation to reach some segments of the population, which have been left behind in terms of its economic benefits, for instance through chronic unemployment of around 11%, with youth unemployment at a devastating 35%.
Italy’s per capita income is lower today than on the eve of the country’s euro adoption in 1999 and over the past decade, the country has experienced a triple-dip recession. It is expected to be at the bottom of the euro area’s growth league this year.