EU Needs Immigration for Economic Growth, Says Panetta
The Italian central bank, led by Governor Ignazio Panetta, stated that for economic growth, the European Union must focus on the issue of immigration. According to Panetta, low birth rates and an aging population threaten the long-term economic stability of the region. He emphasized that if EU leadership does not take decisive measures to attract more immigrants, it could lead to labor shortages and slow down economic growth.
Panetta also noted that immigration could not only fill the workforce gap but also contribute to modernizing the economy by increasing diversity and innovation. Specifically, he mentioned foreigners who could provide necessary skills in high-tech sectors such as information technology and biotechnology. Without improving the immigration situation, the EU risks lagging behind in global competition.
According to the Governor, it is essential to create more effective mechanisms for the integration of migrants, providing them access to education and employment. This would not only improve the living standards of newcomers but also enhance the overall economic potential of EU member states. Panetta also stressed the need to revise migration policies to maximize the opportunities immigration offers.
These comments from Panetta come amidst discussions within the EU about how to tackle immigration and the migration crisis, which remain pressing issues for many countries. Many EU states are struggling to find a reasonable approach to immigration that ensures both security and economic benefit.
In conclusion, as Panetta expressed, "Immigration is not just a matter of humanity, but a strategic necessity for the future of Europe." Without a significant influx of immigrants, according to him, the European Union will face unpredictable consequences for its economy and the living standards of its population.
