EU Crisis: Italy launches sweeping reforms to revive economy
• economictimes.indiatimes.comMILAN: Italian Prime
Minister Mario Monti's government on Friday adopted a structural reform
programme aimed at breathing new life into a debt-stricken economy, but
which has already met heavy opposition.
Technocrat Monti's aim is to get Italy growing again after years of lagging its eurozone peers so it can eventually reduce a debt pile equal to 120 per cent of Gross Domestic Product -- double the 60-per cent EU ceiling.
"The cabinet today adopted a draft bill with a package of structural reforms for growth," Monti said after an eight-hour cabinet meeting.
The measures were aimed at boosting competition in several sectors and improving Italy's creaking infrastructure, he explained.
Technocrat Monti's aim is to get Italy growing again after years of lagging its eurozone peers so it can eventually reduce a debt pile equal to 120 per cent of Gross Domestic Product -- double the 60-per cent EU ceiling.
"The cabinet today adopted a draft bill with a package of structural reforms for growth," Monti said after an eight-hour cabinet meeting.
The measures were aimed at boosting competition in several sectors and improving Italy's creaking infrastructure, he explained.
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1 Comments in Response to EU Crisis: Italy launches sweeping reforms to revive economy
Italy launches sweeping reforms to revive economy. He he he...yeah, nothing like austerity to revive the economy or screwing for virginity or fighting wars for peace.