ITALY IN CRISIS: 85,000 people apply for just THIRTY jobs at state bank
ITALY’S financial crisis has been laid bare after it emerged 85,000 people applied for just 30 jobs at a bank as rising unemployment cripples the Eurozone’s third-largest economy.
Italy has been hit by an economic crisis
Bank of Italy advertised deputy assistant roles with with a modest annual salary of just €28,000 (£24,400) and received nearly 3,000 candidates for each post.
Shocking figures show 40 per cent of Italian youngsters are still unemployed, while the overall level is 11 per cent.
A local paper said the job-hunters were “shipwrecked castaways” desperately in search of a “life raft”.
Bank of Italy
Bank of Italy advertised deputy assistant roles with with a modest annual salary of just €28,000 (£24,400) and received nearly 3,000 candidates for each post
The news is likely to send shockwaves through the European Union (EU) as officials desperately try to keep the eurozone together.
The crisis-hit single currency area has seen unemployment rise from 11.2 per cent to 11.3 per cent as it scrambles to recover from recent banking failures.
One of the duties of the deputy assistant would be to feed cash into the machines that separate genuine and fake notes.
The 85,000 people were eventually whittled down to 8,000 as a shortlist.
The news is likely to send shockwaves through the EU
Finance expert: Rescue plan for Italian MPS has failed
The 30 successful applicants will take up full-time employment at the state bank next year.
This is not the first time a huge number of Italians have applied for a small number of posts in the country.
The European Central Bank urged Italy to shed bad loans
More than 32,000 people applied when the region of Umbria advertised 94 public administration jobs in 2015.
Meanwhile, in Milan a hospital was inundated with 7,000 applications after it advertised just 10 nurse posts.