国际英语新闻：Italy vulnerable to economic crisis due to high public debt, economist says

"I appreciate government's efforts to cut pays in public sector and clamp down on tax evasion in 2011-2012, but the plan is insufficient and contains many aspects which are quite obscure and questionable," he stressed.

Boeri pointed out that the correction especially lacks structural expense reduction. To the contrary, he noted, when it will be running regularly in 2012, the 40 percent of it will be composed by major revenues.

"As usual, young people are going to face hardest hit from the plan, which will cut short-term employment contracts, stop hiring in public sector and postpone again social security cushion reform, " he stressed.

Noting that the coalition headed by conservative leader Silvio Berlusconi didn't pass any serious reform since it rose to power in 2008, Boeri said a structural reform of the market labor and of the school system, as well as a fair welfare reform, would be the necessary starting point.

Italy has not been recently playing a central role on the international scene, despite being one of the most developed countries in the world, he added regarding the upcoming Group of 20 (G20) summit in Toronto.