Arab Today, arab today ecb chief urges italy to adopt emergency budget
Last Updated : GMT 10:49:42
Arab Today, arab today
Arab Today, arab today

ECB chief urges Italy to adopt emergency budget

Arab Today, arab today

Arab Today, arab today ECB chief urges Italy to adopt emergency budget

Rome - Xinhua

Italy must immediately adopt the measures in its emergency budget to secure public finances and keep promises over public debt reduction, European Central Bank chief Jean-Claude Trichet said Friday. \"The measures announced by the cabinet are crucial to cut public debt and increase economic flexibility, \" he said in an interview with local financial daily Sole 24 Ore. It is essential that \"all goals to better public finances are confirmed and concretized,\" Trichet said, adding that Italy\'s global financial credibility and solvability were at stake. Trichet urged the Italian government to also implement all necessary reforms to boost growth by further investing and exploiting its economic potential. On Aug. 12, Italy approved an extra 64-billion-U.S. dollar austerity program in a bid to avoid a believed debt crisis, but parliament still needs to definitely clear the document which is yet to be ultimately defined. The aim of the tight budget is to meet budgetary requirements by the European Central Bank (ECB) and reassure markets. Among the tight measures envisaged are cuts to government costs and reduction in the number of local authorities and national festivities, together with a pension reform and solidarity taxes affecting people with high incomes.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb chief urges italy to adopt emergency budget Arab Today, arab today ecb chief urges italy to adopt emergency budget

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb chief urges italy to adopt emergency budget Arab Today, arab today ecb chief urges italy to adopt emergency budget

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday