
President of the European Commission Jose Manuel Barroso on Wednesday said that "political stability is vital for Italy and it is therefore very positive that the Italian government will be able to continue uninterrupted with the reforms it has embarked on." "It is indeed crucial to avoid an artificial political crisis which can undermine investor confidence in Italy's economic recovery efforts," he said in a statement after Italian Premier Enrico Letta won a vote of confidence in the Senate earlier today. "This is of decisive importance, not only for Italy, but also for the Eurozone and the EU as a whole," stressed Barroso.
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