An Italian health official says financial problems in the recession - hit country force people to commit suicide.“We have been observing that some suicidal individuals are reporting economic troubles, failing in their job, unemployment or a lot of debt, ” said Maurizio Pompili, the director of the Suicide Prevention Centre at the Sant ' Andrea Hospital, Sapienza University of Rome on Saturday.
He went on to say that one of his patients is an entrepreneur that “At the first meeting, said the main problem was an enormous debt of €36m($48m) … He was determined to commit suicide. ”A recent human-rights report revealed that the number of economy-related suicides in Italy has increased in the first quarter of 2013 by 40 percent from a year ago. Italy has plunged into its longest recession since World War II, as the country struggles to cope with high jobless rate following the implementation of tough austerity cuts. The latest figures released by the Italian Chambers of Commerce, Industry, Crafts and Agriculture show an unprecedented increase in the country’s unemployment rate which hit a new record high of 12.2 percent in May, amid an eighth straight quarter of recession - the longest in over 60 years. The Italian bureau of statistics said the country's unemployment level increased by 5.7 percent or over 4 million people compared to 2012, with the private sector set to suffer a net loss of 250,000 jobs in 2013. The agency revealed that nearly one million people will leave the labor market because of redundancies, dismissals and retirements by the end of this year. Italy started to experience recession after its economy contracted by 0.2 percent in the third quarter of 2011 and by 0.7 percent in the year’s fourth quarter. Over the past decade, Italy has had the slowest growing economy in the eurozone. Italians have been staging protests against high unemployment, economic adversity, and hardship over a series of government-imposed austerity packages in the recent past.