Home > News > World
Tuesday March 11, 2014 MYT 3:00:17 AM
Tuesday March 11, 2014 MYT 3:01:44 AM
BRUSSELS (Reuters) - Italy will have to wait to judge whether planned structural reforms will affect its ability to meet strict European Union budget limits, Economy Minister Pier Carlo Padoan said on Monday.
Speaking after a meeting of euro zone finance ministers in Brussels, Padoan said that it was generally accepted that structural reform measures, which took time to bear fruit, could have a temporary impact on public finances.
"Naturally there could be implications for the profile of public finances which would of course be clearly linked to the structural measures," he said.
"This is the principle, whether this leads to respecting the limits with greater or lesser precision is something we don't know. We will see."
He said the principle was generally accepted by Italy's Eurogroup partners. "It's a concept that's part of the way the euro and the Eurogroup functions," he said.
(Reporting By James Mackenzie)
Family mourns Nigerian pilgrim who fled Boko Haram but died in Haj crush
Swedish PM says asylum numbers could top 150,000 this year
Ukraine leader says he hopes 'fragile truce' will hold
U.N. proposes unity government for Libya's warring factions, Tripoli balks
Tunisian mediator group wins Nobel Peace Prize for aiding move to democracy
Refugee arrivals in Greece surge with bad weather ahead - IOM
Winding your way to safety
Resort in Lumut makes for a great weekend getaway
Sepp Blatter appeals against FIFA suspension
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)