Tags: italy | monti | euro

Italy's Monti: No New Budget Cuts Needed

Sunday, 08 Jan 2012 03:51 PM

 

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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

Secret Service Mulls White House Checkpoints for Tourists

Sunday, 21 Sep 2014 22:35 PM

The U.S. Secret Service is having preliminary discussions about setting up security screening checkpoints near public ar . . .

Michael Moore Out as Michigan Film Board Member

Sunday, 21 Sep 2014 22:27 PM

Oscar-winning documentary filmmaker Michael Moore no longer will serve on the Michigan Film Office Advisory Council. Rep . . .

Rush Limbaugh's Call Screener: Liberalism 'Horrific' to Black Communities

Sunday, 21 Sep 2014 22:23 PM

Calling liberalism's effect on black communities "horrific," the longtime call screener for Rush Limbaugh says that for  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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