Italy PM Renzi sees no new budget tightening despite weaker growth


  • World
  • Saturday, 02 Aug 2014

ROME (Reuters) - Italian Prime Minister Matteo Renzi outlined measures on Friday aimed at bolstering public works investments and ruled out an extra budget squeeze despite a gloomier economic outlook.

"We expected higher growth (this year) in line with forecasts all over the euro zone," he told reporters after a cabinet meeting. "Unfortunately it's not yet what we expected and we will try to work with more decision and determination."

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