Tags: italy | monti | euro

Italy's Monti: No New Budget Cuts Needed

Sunday, 08 Jan 2012 03:51 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

The Italian government will not have to carry out an additional package of budget cutting measures to meet its goal of eliminating its deficiti in 2013, Prime Minister Mario Monti said.

His government will now focus on producing a package of measures to spur economic growth and competitiveness in Italy to be presented before a meeting of European Union finance chiefs on Jan. 23, Monti said on the “Che Tempo Che Fa” talk show on state-owned RAI television.

Monti said that the plan would seek to “modernize” the country’s labor market to create more employment and opportunities for young people.

The government will work on “many fronts” to spur competion through opening up closed professions, he said. Monti, who leads an unelected government of non-politicians, said he is well positioned to force people to give up some of their priviliges because he has no natural constituency to protect.

© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Alaska Pot Backer Ordered to Comply With Subpoena

Thursday, 27 Nov 2014 19:11 PM

A campaign-finance investigation is moving forward against an Alaska television reporter who quit her job on-air and vow . . .

Millions Expected to Shop on Thanksgiving

Thursday, 27 Nov 2014 18:32 PM

Millions of Americans are expected to head to the stores for holiday gift shopping on Thanksgiving in what's quickly bec . . .

Evangelicals With Gay Children Challenging Church

Thursday, 27 Nov 2014 16:00 PM

Rob and Linda Robertson did what they believed was expected of them as good Christians.When their 12-year-old son Ryan s . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved