Arab Today, arab today italian budget reforms to be unveiled \next week\
Last Updated : GMT 16:24:29
Arab Today, arab today
Arab Today, arab today

Italian budget reforms to be unveiled \'next week\'

Arab Today, arab today

Arab Today, arab today Italian budget reforms to be unveiled \'next week\'

Rome - AFP

Prime Minister Mario Monti's new government is set to unveil a series of reform proposals aimed at calming a wave of market panic over Italy's debt, the speaker of parliament said on Saturday. "We have to do things right, not just quickly," Gianfranco Fini said on Rai radio, amid intense pressure from investors and European leaders for Italy to act urgently after its borrowing costs surged to record highs. "To do things right, we need a few days. I am convinced that the measures will be announced next week," Fini said. Italian commentators had expected an announcement of the planned measures at Friday's cabinet meeting. The measures, which are expected to include long-delayed pension and labour law reforms to cut debt and boost growth while maintaining what Monti has called "social equity", would still have to go before parliament for approval. Monti, a 68-year-old economics professor and former top European commissioner, was installed on November 16 after his predecessor Silvio Berlusconi was forced to resign by a parliamentary revolt and market pressure. Italy meanwhile was forced to pay record-high rates in a 10-billion-euro ($13.2-billion) bond auction on Friday, and the yield on Italian 10-year government bonds briefly spiked above an alarmingly high 8.0 percent. The EU's Economic Affairs Commissioner Olli Rehn during a visit to Rome on Friday called for an "ambitious timetable" for the reforms and warned that high borrowing costs risked having repercussions on Italy's growth prospects.

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 italian budget reforms to be unveiled \next week\ Arab Today, arab today italian budget reforms to be unveiled \next week\

 



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 italian budget reforms to be unveiled \next week\ Arab Today, arab today italian budget reforms to be unveiled \next week\

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
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