Showing posts with label Matteo Renzi. Show all posts
Showing posts with label Matteo Renzi. Show all posts

Wednesday, 10 September 2014

Italy's economic growth will be 'around zero', says PM Renzi

Italy's Prime Minister has said that Europe's third largest economy will see growth of only "around zero" this year.
Matteo Renzi's forecast is lower than the government's previous prediction and comes as the economy tackles its third recession in a decade.
"I am not optimistic," Mr Renzi said in a pre-recorded interview to be aired later on Tuesday. It is the first time he has put a figure on likely growth.
Lacklustre growth will do little to help the eurozone's own economic woes.
The Italian economy's slowdown over the first half of this year has raised questions over whether Mr Renzi can meet his promise to cut spending, while also boosting growth and halting the rise in unemployment.
He came to power in February on a programme of tackling red tape and

Saturday, 30 August 2014

Worried EU leaders call jobs, growth summit for October 7

European Union leaders are set to hold an emergency summit on promoting growth and jobs on Oct. 7 at the suggestion of Italy, according to a draft of a statement to be issued after an EU summit on Saturday.
Previous drafts before weak euro zone economic data in the past few days made no mention of the economic situation. In contrast the latest document read: