Home > News > World
Tuesday June 24, 2014 MYT 5:16:47 PM
Tuesday June 24, 2014 MYT 5:18:28 PM
ROME (Reuters) - Italian Prime Minister Matteo Renzi called on Tuesday for a change of course in Europe, saying that austerity policies on their own could not guarantee stability in the face of rising unemployment and economic stagnation.
Speaking in parliament ahead of this week's European Union summit, Renzi said Italy was not asking for a relaxation of EU budget rules but wanted them to be more flexibly applied in exchange for commitment to a package of domestic structural reforms which Italy would achieve by 2017.
"The treaty obliges us to look at growth and stability as elements which go together. There can be no stability possible if there is no growth in Europe and economic policies of recent years have failed because of this," he said.
(Reporting By James Mackenzie; editing by Alessandra Galloni)
Italy migrant tragedy unveils plight of survivors
Italian PM hopes local election will strengthen hand
Challenges in Europe await Merkel after resounding victory
Final polls show Italy's centre-left needs Monti to govern
Cyprus rescue marks "game-changer" for Europe's banks
Brazil's election too close to call on eve of runoff
Ukraine votes in poll likely to strengthen president's hand
U.S. nurse quarantined over Ebola calls treatment 'frenzy of disorganisation'
Japanese PM Abe's public support slumps in wake of resignations - Yomiuri poll
Tunisians vote for new parliament, hope for full democracy
Major party supports move to extend Burkina Faso leader's rule
The Paying Guests
New Moto G phone roars into stores
Milanic fired after 32 days as Leeds boss
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)