During the conferment ceremony of the Knights of Labour at the Quirinale Palace in Italy, President Sergio Mattarella addressed the 25 new knights and 25 new standard-bearers, emphasizing the importance of promoting growth and progress over selfishness and isolation. He encouraged young people to seize the future, stating that it is not a selfish act but a response to the call for responsibility and commitment. Mattarella highlighted the challenges faced by young Italians in the job market, with a 13-point gap compared to the EU average for those aged 20 to 34, which increases the risk of a brain drain.
President Mattarella acknowledged the resilience of Italian businesses in navigating market challenges in recent years, leading to the country’s economic recovery after financial crises and the Covid-19 pandemic. He emphasized that Italy has returned to growth, with the national GDP increasing more than France and Germany in the last five years. Employment rates and permanent contracts have risen, and Italian exports continue to support the national economy, thanks to companies adapting to globalization. Mattarella also mentioned Bank of Italy’s data showing the country’s creditor position of approximately 225 billion euros, or 10.5% of the GDP, indicating a significant leap for Italy.
President Mattarella urged for more reflection on the implications of rapid societal changes and imbalances that may affect future generations, emphasizing the need to invest in young people as the key to securing the country’s future. He underscored the role of extraordinary events like wars, pandemics, and natural disasters in altering the course of history but stressed that investing in youth is vital for continued progress. Mattarella criticized rating agencies for overlooking Italy’s impressive economic indicators, such as the significant positive position net with foreign countries, questioning their assessment of the country’s economic prospects and reliability.
The President’s speech at the Knight of Labour conferment ceremony highlighted the importance of youth participation and commitment to shaping the country’s future. He emphasized the need for young Italians to overcome job market challenges by seizing opportunities, taking responsibility, and contributing to economic growth and development. Mattarella lauded Italian businesses for their resilience in facing market difficulties and adapting to globalization, which has contributed to the country’s economic recovery and growth. He also called for greater recognition of Italy’s economic achievements and positive indicators by international rating agencies.
President Sergio Mattarella’s address underscored the significance of promoting growth and progress through collective responsibility and youth empowerment. He urged young people to look towards the future with optimism and determination, highlighting the importance of investing in their development and opportunities. Mattarella commended Italian businesses for their resilience and adaptability in overcoming challenges, contributing to the country’s economic recovery and growth. The President also criticized international rating agencies for not fully recognizing Italy’s positive economic indicators and progress, calling for a more accurate assessment of the country’s economic prospects.
