Tuesday, May 01, 2012

Italian businessman becomes country's 25th 'austerity suicide' of the year...

An Italian businessman who was depressed over the failure of his construction company has taken his own life, in the country's 25th such "austerity suicide" this year.

Dismayed at the collapse of his business, which also employed his two sons, the 55-year-old Sardinian man shot himself in the chest with a pistol.

His death was a grim reminder of the country's worsening economic prospects, with official statistics showing on Monday that unemployment has reached nearly 10 per cent – the highest rate since 2001.

Sardinia has one of the highest unemployment rates in the country – one in two young people are out of work. Full story...

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