Home > News > World
Tuesday February 18, 2014 MYT 1:30:54 AM
Tuesday February 18, 2014 MYT 1:31:52 AM
BRUSSELS (Reuters) - The European Union's economic chief Olli Rehn said on Monday he was confident that Italy's new government would continue with fiscal consolidation, debt reduction and reforms to boost the country's competitiveness.
Italian centre-left leader Matteo Renzi said earlier on Monday he would begin talks to form a new government within 24 hours, and expected to lay out a program of reforms to be completed over the next few months.
He has promised a radical program of action to lift Italy out of its most serious economic slump since World War Two, but will have to deal with the same unwieldy coalition which failed to pass major reforms under its previous leader.
"I'm confident that democratic Italian institutions will facilitate a smooth formation of a new government and I'm confident that the new government will aim at tackling the problems of economic competitiveness of Italy, high level of public debt and I trust that the government will continue to pursue economic reforms and maintain a consistent line in fiscal consolidation," Rehn told a news conference.
(Reporting By Martin Santa, Robin Emmott and Jan Strupczewski)
Greece will not need third bailout, PM Samaras tells paper
Russia faces new U.S., EU sanctions over Ukraine crisis
New sanctions against Russia to take effect on Friday - EU diplomat
EU delays new Russia sanctions, to meet on Thursday
Croatia slides towards EU/IMF aid as economy shrinks - Reuters poll
Islamic State closes in on Syrian town, refugees flood into Turkey
Houthi rebels sign deal with Yemen parties to form new government
Ghani named Afghan president-elect after deal to end election dispute
Turkish president says no ransom paid for release of hostages held by ISIS
Iran prosecutor gives government 30 days to block social media
Kurds issue new call to arms against Islamic State in Syria
Lampard goal, United defeat highlight astonishing day
Local musician Danny One represents Malaysia at the 14th Global Chinese Music Awards (GCMA) in Guangzhou, China
Prime pulls out all the stops for its weekday lunch menu
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)