Arab Today, arab today trichetitaly\s deficit cuts \absolutely decisive\
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Trichet :Italy\'s deficit cuts \'absolutely decisive\'

Arab Today, arab today

Arab Today, arab today Trichet  :Italy\'s deficit cuts \'absolutely decisive\'

Cernobbio - AFP

European Central Bank chief Jean-Claude Trichet told Italy on Saturday that meeting its deficit reduction targets was absolutely decisive for the country\'s credibility. \"It is essential that the target which was announced to diminish the deficit will be fully confirmed and implemented,\" Trichet said at an economic forum in northern Italy. In an interview with the Italian business daily Il Sole 24 Ore Trichet had said Friday that the 45.5-billion-euro ($65.6-billion) package announced last month was of \"extreme importance\" and it was \"therefore of the essence\" that the amount be confirmed. It \"is absolutely decisive to consolidate and reinforce the quality and the credibility of the Italian strategy and of its creditworthiness,\" he told politicians and business leaders meeting at the Forum Ambrosiano until Sunday. Italian President Giorgio Napolitano, who spoke via video link from Rome, said he was \"convinced that it is essential that the targets are confirmed and materialise\". Napolitano expressed his \"confidence\" that this will happen and called on Prime Minister Silvio Berlusconi\'s coalition government and the opposition to rapidly approve the austerity package in parliament. The European Central Bank had to step in last month and buy tens of billions of eurozone bonds after investors fled Italian and Spanish debt and sent their borrowing costs to unsustainable levels. The ECB did so only after having sent Italy a list of budget reforms it considered essential. Rome has announced the outline of the package, but Berlusconi\'s coalition is now engaged in a divisive debate over the painful measures before their parliamentary approval, and recently backed down on part of a pensions reform following public disapproval.

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 trichetitaly\s deficit cuts \absolutely decisive\ Arab Today, arab today trichetitaly\s deficit cuts \absolutely decisive\

 



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 trichetitaly\s deficit cuts \absolutely decisive\ Arab Today, arab today trichetitaly\s deficit cuts \absolutely decisive\

 



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