On September 1st, the Italian Premier Matteo Renzi announced an ambitious plan of reforms known as the “1000-day plan” which is to be implemented by May 2017. The government’s reforms are aimed at addressing numerous problems in a plethora of different fields: job market, public service, civil justice, agriculture, energy, and infrastructure, tax schemes, education, and so on.
During the press conference in Rome, Renzi also praised Germany, stating that German reforms of the early 2000s represent a “model” that Italy should follow in order to increase flexibility in the job market and to relaunch the economy.
However, the Premier will have to deal with serious obstacles along the way and for this reason the success of the government’s plan is far from guaranteed.
So far Premier Renzi has had a couple of significant victories: the approval of a significant constitutional reform (ddl Boschi) on the first reading in the Senate, on August 8 and the 80-euro tax bonus on individual income tax (IRPEF) for salaries between €8.000 and €26.000.