Renzi says Italy will propose new EU rules on budgets


  • World
  • Saturday, 12 Apr 2014

MILAN (Reuters) - Italian Prime Minister Matteo Renzi on Friday stepped up his calls for new rules on budget limits in the euro zone, saying the current framework is hurting growth and costing jobs.

"Having rules that are all centered on austerity and rigour is a waste of time if unemployment doubles," Renzi told a conference in Milan, adding that Italy would use its six-month presidency of the European Union from July to push for changes.

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