In theory, that is kind of a good idea. The actual execution would never work.
But, the idea that Italy has to do something is true. It will take "out of the box" thinking.
I think that there is freedom of work movement across the EU countries. Maybe try some incentives with other countries in the former East Europe, etc. For example, in addition to a job, also provide them a house, each year they gain X% ownership as long as they are working in Italy, so after a certain number of years, they own the house for "free".
