What is wrong with you people? It is a good salary, if you take all the extras into account. You are getting the type-rating (who ever said you would have to pay for that???). The LHI operation I know is shaped by a very good sense of commuality and if we can keep the spirit of LH through the start-up phase (experienced LH pilots will hopefully ensure the standards are kept high), you will have a good life. It may not be the German way, but I believe that LH Italia will be a great company.
I do agree that the conditions are maybe not good enough for someone who is a captain elsewhere, but ideal for someone fresh out of school. If you don't like it, you don't have to apply! LH is not giving away christmas presents, but it is not all about money!