Arab Today, arab today italian proeurope expremier eurozone is a mess
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

Italian pro-Europe ex-premier: Eurozone is a mess

Arab Today, arab today

Arab Today, arab today Italian pro-Europe ex-premier: Eurozone is a mess

Rome - SPA

One of Italy\'s most prominent pro-Europeans said Thursday that his country might have been better off staying out of the eurozone, describing the single currency bloc as \"a mess.\", dpa reported. Two-times prime minister Giuliano Amato said it was now too late to leave the project, adding that Italy should work with partners on fixing fundamental shortcomings in the eurozone. Referring to Eurosceptics who argue that Italy would be in a better position if it still had control over its monetary policy, Amato said: \"Perhaps they are right, given the mess that we have made on the set up\" of the euro. He was speaking at East Forum, an EU affairs conference in Rome. Italy is suffering from a record-length recession, with output 25-per-cent down from its 2007 peak and youth unemployment close to 40 per cent. The slump was aggravated by austerity measures required by strict eurozone rules on budget discipline. \"We went into this business of the single currency, and we cannot go back on it,\" Amato said, arguing that leaving the euro would create \"enormous problems\" for Italy. The 75-year-old politician is of the centre-left Democratic Party. He was premier in 1992-93 and 2000-01, served as minister when his country joined the euro in 1999, and was vice-president of the panel that drew up the ill-fated EU constitution in the 2000s. In April, Amato was in the running to become prime minister for a third time, but in the end Italian President Giorgio Napolitano gave the job of leading a fragile grand coalition government to Enrico Letta.  

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 proeurope expremier eurozone is a mess Arab Today, arab today italian proeurope expremier eurozone is a mess

 



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 proeurope expremier eurozone is a mess Arab Today, arab today italian proeurope expremier eurozone is a mess

 



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