Call for a minimum wage in Italy

The Governor of the Central Bank of Italy, Ignazio Visco, said that the implementation of a minimum wage could respond to the needs of the country regarding the provision of social justice. The Governor of the Central Bank of Italy, Ignazio Visco, who has been the Governor of the Central Bank of Italy for 12 years and will leave his post in November, shared his assessments of the annual economic and financial situation of his country for the last time in Rome. Visco stated that they expect a 1 percent increase in Italy's gross domestic product (GDP) estimates for 2023. The Governor Visco noted that it is possible to make changes and improvements to the previously made plan regarding the use of the recovery fund provided by the European Union (EU) after the Covid-19 outbreak, which has been a subject of debate in the country for a while, but that no time should be wasted on this issue. Visco stated that a gradual tax reform is also needed in Italy and that a taxation that reduces the weight on production factors can stimulate employment and investments. Meloni is against Central Bank President Visco made a call on this issue for Italy, a country where there is no minimum wage application in Europe, saying, "The introduction of a minimum wage defined within the framework of the necessary balance, just like in other major countries, can respond to the needs of social justice that cannot be ignored." On the other hand, Prime Minister Giorgia Meloni, the head of the right-wing coalition government in Italy, is known for her stance against the minimum wage application.