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  • The empty seats of the 21 ministers appointed by the new Prime Minister of Italy Enrico Letta are here before the swearing ceremony of their new government, supported by the so-called "Grand Coalition" between the right wing People of the Freedom (PdL) of Silvio Berlusconi, the centre-left Democratic Party, and the centric Civic Choice of former Prime Minister Mario Monti, who all have opposed each other during the campaign leading up to the February 2013 general elections, here at the Quirinale, the presidential palace, in Rome, Italy, on April 28th 2013.<br />
<br />
After a two-month long post-election deadlock the 87-years old President of the Republic Giorgio Napolitano, who was re-elected a week earlier on April 20th for a second term after 7 years in office, invited the vice-secretary of the Democratic Party Enrico Letta on April 24th to form a new government.
    CIPG_20130428_ITAPOLITICS_Government...jpg
  • ROME, ITALY - 20 JULY 2014: The entrance to the Campidoglio (the municipal government) shortly after Mayor of Rome Ignazio Marino received Mayor of New York Bill De Blasio and his family,  in Rome, Italy, on July 20th 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8613.jpg
  • ROME, ITALY - 20 JULY 2014: A municipal police officer is here at the entrance to the Campidoglio (the municipal government) shortly after Mayor of Rome Ignazio Marino received Mayor of New York Bill De Blasio and his family,  in Rome, Italy, on July 20th 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8598.jpg
  • ROME, ITALY - 20 JULY 2014: A view of the Imperial Fora showed to the De Blasio family during their visit to the Campidoglio ((the municipal government of Rome), in Rome, Italy, on July 20th 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8591.jpg
  • ROME, ITALY - 20 JULY 2014: (L-R) Mayor of Rome Ignazio Marino and Mayor of New York Bill De Blasio with his family pose for a press picture at the entrance of the Campidoglio (the municipal government) , in Rome, Italy, on July 20th 2014. On the right are the staffs of both mayors.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8436.jpg
  • ROME, ITALY - 20 JULY 2014: Mayor of Rome Ignazio Marino (left) poses for a press picture with the De Blasio family at the Campidoglio (the municipal government), in Rome, Italy, on July 20th 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8319.jpg
  • ROME, ITALY - 20 JULY 2014: Mayor of Rome Ignazio Marino greets Mayor of New York Bill De Blasio in front of the Campidoglio (the municipal government) , in Rome, Italy, on July 20th 2014. On the right is First Lady Chirlane McCray.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8263.jpg
  • Palermo, Italy - 20 July, 2012: A red carpet inside Palazzo d'Orleans, the headquarters of the Presidency of the Sicilian Regional Assembly on 20 July, 2012, in Palermo, Italy...Mario Monti has expressed ?serious concerns? that Sicily's regional government is heading towards default and has asked its governor - who is under investigation for suspected links to the Mafia - to confirm his intention to resign. Sicily was among 23 Italian ?sub-sovereign entities? downgraded by Moody's rating agency on Monday, a development that has raised the possibility of a chain of defaults at the local level unless the central government intervenes. Sicily's debt was ?5.3bn at the end of 2011, according to Bloomberg. Mr Monti, Italy's technocratic prime minister, indicated in his statement on Tuesday that Rome would take action to bail out Sicily's debts. Sicily has long been identified as one of the most poorly managed of Italy's regions, with the public sector accounting for the bulk of the island's economy and jobs. Commentators call it ?Italy's Greece?.
    Sicily_color_19.jpg
  • Palermo, Italy - 20 July, 2012:  Staff of the Sicilian Regional Assembly work by President Raffaele Lombardo's office on 20 July, 2012, in Palermo, Italy...Mario Monti has expressed ?serious concerns? that Sicily's regional government is heading towards default and has asked its governor - who is under investigation for suspected links to the Mafia - to confirm his intention to resign. Sicily was among 23 Italian ?sub-sovereign entities? downgraded by Moody's rating agency on Monday, a development that has raised the possibility of a chain of defaults at the local level unless the central government intervenes. Sicily's debt was ?5.3bn at the end of 2011, according to Bloomberg. Mr Monti, Italy's technocratic prime minister, indicated in his statement on Tuesday that Rome would take action to bail out Sicily's debts. Sicily has long been identified as one of the most poorly managed of Italy's regions, with the public sector accounting for the bulk of the island's economy and jobs. Commentators call it ?Italy's Greece?.
    Sicily_color_18.jpg
  • Palermo, Italy - 20 July, 2012:  President of the Region of Sicily Raffaele Lombardo, 61, speaks at the Sicilian Regional Assembly on 20 July, 2012, in Palermo, Italy...Mario Monti has expressed ?serious concerns? that Sicily's regional government is heading towards default and has asked its governor - who is under investigation for suspected links to the Mafia - to confirm his intention to resign. Sicily was among 23 Italian ?sub-sovereign entities? downgraded by Moody's rating agency on Monday, a development that has raised the possibility of a chain of defaults at the local level unless the central government intervenes. Sicily's debt was ?5.3bn at the end of 2011, according to Bloomberg. Mr Monti, Italy's technocratic prime minister, indicated in his statement on Tuesday that Rome would take action to bail out Sicily's debts. Sicily has long been identified as one of the most poorly managed of Italy's regions, with the public sector accounting for the bulk of the island's economy and jobs. Commentators call it ?Italy's Greece?.
    Sicily_color_14.jpg
  • ROME, ITALY - 20 JULY 2014: (R-L) Mayor of Rome Ignazio Marino shows Mayor of New York Bill De Blasio and his family a panoramic vew of the Imperial Fora from the balcony of his office at the Campidoglio (the municipal government), in Rome, Italy, on July 20th 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8491.jpg
  • ROME, ITALY - 20 JULY 2014: Mayor of Rome Ignazio Marino goes down the stairs of the Campidoglio (the municipal government) to receive mayor of New York Bill De Blasio and his family, in Rome, Italy, on July 20th 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8222.jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: The machine processing flexible polyurethan with film foaming and that produces fenders for Jeep Renegade is seen here at Adler Group in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Paolo Scudieri, a member of the board of Confindustria, Italy’s most powerful business association, and chairman of the Adler-Pelzer Group, poses for a portrait at the Adler-Group offices in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Workers are seen here processing flexible polyurethan foaminge and producing rear seat paddings for Fiat Panda, at Adler Group in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: A workers is seen here  processing flexible polyurethan foaminge and producing rear seat paddings for Fiat Panda, at Adler Group in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • ROME, ITALY - 20 JULY 2014:  (L-R) Mayor of Rome Ignazio Marino poses for a group picture with Dante, First Lady Chirlane McCray, Chiara and Mayor of New York Bill De Blasio, at the Capitoline Museums before a press conference in Rome, Italy, on July 20th 2014.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8663.jpg
  • 26 February 2011. Valletta, Malta. More than 2,000 Chinese passengers remain on the Chinese ferry in the harbour of Valletta, Malta,  until planes come to Malta to bring them back to China. According to a port official,  the ship evacuated 2,216 Chinese nationals, 13 Maltese, 20 Croatians, four Vietnamese and two Italians from strife-torn Libya. The vessel, Roma, is owned by Italy-based Grimaldi Lines and was chartered by the Chinese government.<br />
<br />
©2011 Gianni Cipriano<br />
cell. +1 646 465 2168 (USA)<br />
cell. +39 328 567 7923<br />
gianni@giannicipriano.com<br />
www.giannicipriano.com
    malta_39.jpg
  • 26 February 2011. Valletta, Malta. More than 2,000 Chinese passengers remain on the Chinese ferry in the harbour of Valletta, Malta,  until planes come to Malta to bring them back to China. According to a port official,  the ship evacuated 2,216 Chinese nationals, 13 Maltese, 20 Croatians, four Vietnamese and two Italians from strife-torn Libya. The vessel, Roma, is owned by Italy-based Grimaldi Lines and was chartered by the Chinese government.<br />
<br />
©2011 Gianni Cipriano<br />
cell. +1 646 465 2168 (USA)<br />
cell. +39 328 567 7923<br />
gianni@giannicipriano.com<br />
www.giannicipriano.com
    malta_37.jpg
  • ROME, ITALY - 25 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Lower House approved a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Paolo Scudieri (center), a member of the board of Confindustria, Italy’s most powerful business association, and chairman of the Adler-Pelzer Group, tests an electric go-kart in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: A workers is seen here at a machine processing flexible polyurethan with film foaming and that produces fenders for Jeep Renegade, at Adler Group in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Paolo Scudieri, a member of the board of Confindustria, Italy’s most powerful business association, and chairman of the Adler-Pelzer Group, poses for a portrait at the Adler-Group offices in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Paolo Scudieri, a member of the board of Confindustria, Italy’s most powerful business association, and chairman of the Adler-Pelzer Group, poses for a portrait at the Adler-Group offices in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Paolo Scudieri, a member of the board of Confindustria, Italy’s most powerful business association, and chairman of the Adler-Pelzer Group, poses for a portrait at the Adler-Group offices in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Paolo Scudieri, a member of the board of Confindustria, Italy’s most powerful business association, and chairman of the Adler-Pelzer Group, poses for a portrait at the Adler-Group offices in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • OTTAVIANO, ITALY - 25 JULY 2019: Workers are seen here at a machine processing polyurethan with skill foaming and that produces anti rattle pads for Jeep Renegade, at Adler Group in Ottaviano, Italy, on July 25th 2019.<br />
<br />
Adler-Pelzer Group is an Italian manufacturing Group, and a worldwide leader in the design, development and manufacturing of components and systems for the transportation industry. Founded in 1956 in Ottaviano (Naples), today is the largest producer in Italy and the second in the world of systems for acoustic, thermal comfort and interior design for vehicles in the automotive, aerospace and railway industries. <br />
<br />
Italian manufacturer Adler-Pelzer Group had secured an order worth 2.6 million euros to make parts for military aircraft.That spelled 250 new jobs at its factory outside Naples, the heart of perpetually struggling southern Italy.<br />
“It was a great opportunity,” says Adler-Pelzer Group chairman Paolo Scudieri.<br />
But early this year, alarmed by the intensifying political chaos gripping Italy, Mr. Scudieri’s company shifted the order to a factory in Poland. He was disturbed by what he portrays as the anti-business proclivities of the populists suddenly running the country. He was concerned by the government’s collision with the European Union over its spending plans.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190725_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Unemployed workers gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Unemployed workers gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Antonio Pastore (45, unemployed) poses for a portait in front of the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Ten years ago, in the midst of the global financial crisis, Antonio Pastore lost the job he had held for two decades, restoring marble statues. He had earned about 1,200 euros per month ($1,349). As orders disappeared, his employer pressured him to agree to work off the books, he says, enabling the company to avoid paying taxes. He refused, and was summarily fired. That was the last time he has held a real job.<br />
<br />
At the Sgarrupato unemployed workers share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Antonio Pastore (45, unemployed) poses for a portait in front of the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Ten years ago, in the midst of the global financial crisis, Antonio Pastore lost the job he had held for two decades, restoring marble statues. He had earned about 1,200 euros per month ($1,349). As orders disappeared, his employer pressured him to agree to work off the books, he says, enabling the company to avoid paying taxes. He refused, and was summarily fired. That was the last time he has held a real job.<br />
<br />
At the Sgarrupato unemployed workers share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Antonio Pastore (45, unemployed) poses for a portait in front of the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Ten years ago, in the midst of the global financial crisis, Antonio Pastore lost the job he had held for two decades, restoring marble statues. He had earned about 1,200 euros per month ($1,349). As orders disappeared, his employer pressured him to agree to work off the books, he says, enabling the company to avoid paying taxes. He refused, and was summarily fired. That was the last time he has held a real job.<br />
<br />
At the Sgarrupato unemployed workers share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Antonio Pastore (45, unemployed) poses for a portait in front of the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Ten years ago, in the midst of the global financial crisis, Antonio Pastore lost the job he had held for two decades, restoring marble statues. He had earned about 1,200 euros per month ($1,349). As orders disappeared, his employer pressured him to agree to work off the books, he says, enabling the company to avoid paying taxes. He refused, and was summarily fired. That was the last time he has held a real job.<br />
<br />
At the Sgarrupato unemployed workers share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: (L-R, from front to back) Maria Cinque (a volunteer and resident of Montesanto), Luigi Prodomo (54, unemployed), Antonio Pastore (45, unemployed) and Maria Pandolfi (54, unemployed) gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Unemployed workers gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: (L-R, from front to back) Maria Cinque (a volunteer and resident of Montesanto), Luigi Prodomo (54, unemployed), Antonio Pastore (45, unemployed) and Maria Pandolfi (54, unemployed) gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Antonio Pastore (45, center, unemployed) gather with other unemployed workers  at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
<br />
Ten years ago, in the midst of the global financial crisis, Antonio Pastore lost the job he had held for two decades, restoring marble statues. He had earned about 1,200 euros per month ($1,349). As orders disappeared, his employer pressured him to agree to work off the books, he says, enabling the company to avoid paying taxes. He refused, and was summarily fired. That was the last time he has held a real job.<br />
<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: A local resident walks by the the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Unemployed workers gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Antonio Pastore (45, center, unemployed) gather with other unemployed workers  at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
<br />
Ten years ago, in the midst of the global financial crisis, Antonio Pastore lost the job he had held for two decades, restoring marble statues. He had earned about 1,200 euros per month ($1,349). As orders disappeared, his employer pressured him to agree to work off the books, he says, enabling the company to avoid paying taxes. He refused, and was summarily fired. That was the last time he has held a real job.<br />
<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Luigi Prodomo (54, unemployed) is seen here at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization where unemployed workers gather, in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: (R-L) Maria Cinque (a resident of Montesanto), Antonio Pastore (45, unemployed) and Maria Pandolfi (54, unemployed), gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Maria Cinque, a resident of Montesanto - a working class neighborhood of Naples - opens the door of the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization where she volunteers and where unemployed workers gather, in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Elders and unemployed workers gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • NAPLES, ITALY - 22 JULY 2019: Unemployed workers gather at the "Sgarrupato", an abandoned church seized by the "Movimento 7 Novembre" community organization in Montesanto, a working class neighborhood in Naples, Italy, on July 22nd 2019.<br />
<br />
Here they share strategies for how to find work, and how to navigate the bewildering government benefits system.<br />
In Italy, the unemployment rate sits near 10 percent — lower than a year ago, but roughly the same level as in 2012, in the aftermath of a brutal crisis. But many in Naples say the crisis never ended.<br />
<br />
<br />
Italian companies are deferring expansions and limiting investment rather than risking cash in a time of uncertainty. The public debt remains monumental, running at more than 2 trillion euro ($2.24 trillion), or more than 130 percent of annual economic output. Banks are still stuffed with bad loans — albeit fewer than before — making them reluctant to lend. An economy that has not expanded over the past decade is this year widely expected to again produce no growth.
    CIPG_20190722_NYT_ItalyEconNaples_M3...jpg
  • Matteo Renzi, 39, Italy's youngest-ever Prime Minister, is about to hold a speach to lawmakers before the Lower House approves a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  A TV in a bar broadcasts Matteo Renzi addressing lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.<br />
<br />
###<br />
<br />
Roma, febbraio 2014. Il Primo Ministro Matteo Renzi e il Ministro della Giustizia Andrea Orlando in attesa del voto dopo il discorso del premier per la fiducia al Senato.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • Lawmakers discuss shortly before the newly appointed Prime Minister Matteo Renzi holds a speech to lawmakers before the Senate approves a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 21 JULY 2014: Mayor of New York Bill De Blasio and Cécile Kyenge (center), former Italian Integration Minister and currently a member of the European parliament, leave afterr a photo spray with their respective families, at an exclusive social club in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9945.jpg
  • ROME, ITALY - 21 JULY 2014: Mayor of New York Bill De Blasio and Cécile Kyenge (center), former Italian Integration Minister and currently a member of the European parliament, are here for a photo spray with their respective families, at an exclusive social club in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9842.jpg
  • ROME, ITALY - 21 JULY 2014: (L-R) Mayor of New York Bill De Blasio and Italian Minister of Foreign Affairs Federica Mogherini leave a press conference they hel at the Ministry of Foreign Affairs in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9525.jpg
  • ROME, ITALY - 21 JULY 2014: (L-R) Mayor of New York Bill De Blasio answers questions by journalists during a press conference with Italian Minister of Foreign Affairs Federica Mogherini, at the Ministry of Foreign Affairs in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9412.jpg
  • ROME, ITALY - 21 JULY 2014:  (L-R) Mayor of New York Bill De Blasio steps outside a meeting room for a conference press conference with Italian Minister of Foreign Affairs Federica Mogherini, at the  Ministry of Foreign Affairs, in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9199.jpg
  • ROME, ITALY - 21 JULY 2014:  (L-R) Mayor of New York Bill De Blasio poses for a press photo with Italian Ministero of Foreign Affairs Federica Mogherini before at the  Ministry of Foreign Affairs, before a meeting in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9140.jpg
  • ROME, ITALY - 21 JULY 2014:  (L-R) Mayor of New York Bill De Blasio poses for a press photo with Italian Ministero of Foreign Affairs Federica Mogherini before at the  Ministry of Foreign Affairs, before a meeting in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_9127.jpg
  • ROME, ITALY - 21 JULY 2014: Mayor of New York Bill De Blasio poses for a portrait at an exclusive social club in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_0073.jpg
  • ROME, ITALY - 21 JULY 2014: Mayor of New York Bill De Blasio and Cécile Kyenge (center), former Italian Integration Minister and currently a member of the European parliament, leave afterr a photo spray with their respective families, at an exclusive social club in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_0018.jpg
  • ROME, ITALY - 21 JULY 2014: Mayor of New York Bill De Blasio and Cécile Kyenge (center), former Italian Integration Minister and currently a member of the European parliament, leave afterr a photo spray with their respective families, at an exclusive social club in Rome, Italy, on July 21st 2014.<br />
<br />
New York City Mayor Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140721_NYT_DeBlasio__M3_0008.jpg
  • ROME, ITALY - 20 JULY 2014: Mayor of New York Bill De Blasio steps outside the Capitoline Museums after a press conference in Rome, Italy, on July 20th 2014. In the background are his children Dante and Chiara saying goodbye to Mayor of Rome Ignazio Marino.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_9064.jpg
  • ROME, ITALY - 20 JULY 2014: (L-R) Mayor of Rome Ignazio Marino steps outside the Capitoline Museums with Mayor of New York  Bill De Blasio and his family shortly after a press conference with in Rome, Italy, on July 20th 2014.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_9026.jpg
  • ROME, ITALY - 20 JULY 2014: (L-R) Mayor of New York Bill De Blasio gives a speech during a press conference at the Capitoline Museums, next to Mayor of Rome Iganzio Marino (left) and his wife Chirlane McCray, his son Dante, and his daughter Chiara (right), in Rome, Italy, on July 20th 2014.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8917.jpg
  • ROME, ITALY - 20 JULY 2014: (L-R) Mayor of Rome Ignazio Marino gives a speech shortly after receiving Mayor of New York Bill De Blasio and his family, during a press conference at the Capitoline Museums in Rome, Italy, on July 20th 2014.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8777.jpg
  • ROME, ITALY - 20 JULY 2014: (L-R) Mayor of Rome Ignazio Marino and Mayori of new York Bill De Blasio chat shortly before a press conference at the Capitoline Museums n Rome, Italy, on July 20th 2014.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8742.jpg
  • ROME, ITALY - 20 JULY 2014:  (L-R) Mayor of Rome Ignazio Marino poses for a group picture with Dante, First Lady Chirlane McCray, Chiara and Mayor of New York Bill De Blasio, at the Capitoline Museums before a press conference in Rome, Italy, on July 20th 2014.<br />
<br />
Bill de Blasio arrived in Italy with his family Sunday morning for an 8-day summer vacation that includes meetings with government officials and sightseeing in his ancestral homeland.
    CIPG_20140720_NYT_DeBlasio__M3_8691.jpg
  • 26 February 2011. Valletta, Malta. More than 2,000 Chinese passengers remain on the Chinese ferry in the harbour of Valletta, Malta,  until planes come to Malta to bring them back to China. According to a port official,  the ship evacuated 2,216 Chinese nationals, 13 Maltese, 20 Croatians, four Vietnamese and two Italians from strife-torn Libya. The vessel, Roma, is owned by Italy-based Grimaldi Lines and was chartered by the Chinese government.<br />
<br />
©2011 Gianni Cipriano<br />
cell. +1 646 465 2168 (USA)<br />
cell. +39 328 567 7923<br />
gianni@giannicipriano.com<br />
www.giannicipriano.com
    malta_38.jpg
  • 26 February 2011. Valletta, Malta. More than 2,000 Chinese passengers remain on the Chinese ferry in the harbour of Valletta, Malta,  until planes come to Malta to bring them back to China. According to a port official,  the ship evacuated 2,216 Chinese nationals, 13 Maltese, 20 Croatians, four Vietnamese and two Italians from strife-torn Libya. The vessel, Roma, is owned by Italy-based Grimaldi Lines and was chartered by the Chinese government.<br />
<br />
©2011 Gianni Cipriano<br />
cell. +1 646 465 2168 (USA)<br />
cell. +39 328 567 7923<br />
gianni@giannicipriano.com<br />
www.giannicipriano.com
    malta_36.jpg
  • 26 February 2011. Valletta, Malta. More than 2,000 Chinese passengers remain on the Chinese ferry in the harbour of Valletta, Malta,  until planes come to Malta to bring them back to China. According to a port official,  the ship evacuated 2,216 Chinese nationals, 13 Maltese, 20 Croatians, four Vietnamese and two Italians from strife-torn Libya. The vessel, Roma, is owned by Italy-based Grimaldi Lines and was chartered by the Chinese government.<br />
<br />
©2011 Gianni Cipriano<br />
cell. +1 646 465 2168 (USA)<br />
cell. +39 328 567 7923<br />
gianni@giannicipriano.com<br />
www.giannicipriano.com
    malta_35.jpg
  • ROME, ITALY - 25 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Lower House approved a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 25 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Lower House approved a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 25 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Lower House approved a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 25 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Lower House approved a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 25 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Lower House approved a confidence vote on his new government in Rome, Italy, on February 25th 2014.
    CIPG_20140225_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
  • ROME, ITALY - 24 February 2014:  Matteo Renzi, 39, the youngest prime minister in held a spoke to lawmakers before the Senate approved a confidence vote on his new government in Rome, Italy, on February 24th 2014.
    CIPG_20140224_ITAPOLITICS_GovernoRen...jpg
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