Italy must itself send an important signal by agreeing on a budget that meets the need for frugality and consolidation

    • Merkel presses Italy on €40bn austerity deal

    • Merkel presses Italy on €40bn austerity deal

    • Italy’s coalition government is coming under concerted pressure at home and abroad to calm market nerves and push its €40bn austerity package through parliament without delay.

    • Angela Merkel, Germany’s chancellor, said she had spoken to Silvio Berlusconi, the Italian prime minister about his budget programme by telephone on Sunday

    • Italy must itself send an important signal by agreeing on a budget that meets the need for frugality and consolidation,

    • Her sense of urgency was echoed by Emma Marcegaglia, head of Italy’s Confindustria business lobby, who said the budget’s main numbers should remain intact but that parliament should introduce measures to promote economic liberalisation and growth.

Posted from Diigo. The rest of my favorite links are here.

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