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Old European Laws Impacting Growth

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    FBN’s Stuart Varney sounds off on Byzantine Law and how it impacts Italy’s ability to spur economic growth.

  • Duration 2:05
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We now have yet -- -- a lesson for America taken from old Europe.

Here's my take on Italy in particular the button of hiring all firing.

Anyone my thanks to the Wall Street Journal for the recent -- Suppose you want a young Italians starting a business do not grow beyond ten employees don't do it because.

When you hi number eleven you must begin an annual report detailing any and old safety and health hazards and -- -- place.

The all authorities want to know the names of employees in charge of safety and the doctors who will assist in emergencies.

And how you do the employee will be responsible for reducing all houses when you employee number sixty unit.

Incomes the union and that representatives must get paid off get paid for time off.

To book on union business if you ever employ more than 57%.

Of the payroll must be handicapped in some way.

If you hit 100 look at is the agenda police arrive.

Regular reports are required on why you took on each extra -- cut and of course exactly who they -- You must explain yourself to -- -- markets.

At every step of your expansion hiring becomes a button and firing a -- impossibility.

I could go on but I'm running out of time mark pointed its old Europe is -- in regulation.

The social engineers from -- The people have lost and you know without any doubt we are headed in exactly the same direction.

-- -- -- -- Absolutely actually invited by the way the -- there a big problem you wanna dog let's say you -- wanna go to movies.

Right cost about 3400 bucks -- -- baby -- kill a baby sitter guilt.

-- EUK and so it's just an over the last ten years of the private public sector wages have gone up almost 200%.

Private sector about 4050%.

They have re distribute the money from the private sector to the public sector and look what happens --