Italy's Prime Minister Matteo Renzi speaks as he leads a news conference at Chigi palace in Rome March 12, 2014. REUTERS/Remo Casilli
ROME (Reuters) - Italian Prime Minister Matteo Renzi on Wednesday presented a sweeping package of tax cuts, saying they could help economic recovery without breaking EU budget deficit limits.
Renzi, in his first full news conference since taking office last month, said income tax would be reduced by a total 10 billion euros (8.4 billion pounds) annually for 10 million low and middle income workers from May 1.
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