The site will be unavailable in 8 minutes for scheduled maintenance.

Italian PM Urges EU to Focus on Fostering Growth

BERLIN (AP) -- Italy's prime minister is urging the European Union to drop its insistence on austerity policies and promote initiatives fostering growth instead.

Prime Minister Enrico Letta said Tuesday in Germany "it is absolutely necessary" to foster growth and job creation to help the 27-nation bloc's stalling economies "so that our citizens see Europe not as something negative but as something positive."

Letta's visit in Berlin for talks with Chancellor Angela Merkel marked his first official trip abroad and came only hours after his winning approval by the Senate in Rome.

Letta said his government will respect Italy's European commitments to bring its public finances in order.

Merkel acknowledged Italy's "substantial" progress in reforming its economy and bringing its finances in order but stressed budget consolidation and growth don't exclude each other.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2397893, ~/Articles/ArticleHandler.aspx, 8/1/2014 9:51:03 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement