Italy's Prime Minister Matteo Renzi smiles as he arrives to lead a news conference at Chigi palace in Rome March 12, 2014. REUTERS/Remo Casilli
ROME (Reuters) - Italian Prime Minister Matteo Renzi could struggle to convince the European Union that his ambitious tax cuts and spending commitments will not threaten pledges to sort out public finances.
On Wednesday, the 39-year-old former mayor of Florence announced income tax would be cut by 10 billion euros (8 billion pounds) annually for 10 million low- and middle-income workers from May 1 to try to stimulate a chronically sluggish economy.
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