Politics

Mario Monti: “Europe, no progress on growth”

Mario-Monti_h_partbIn his “last match in Europe”, outgoing Italian premier Mario Monti went to the European Council in Brussels to try and persuade northern countries to allow Italy more economic flexibility.

Monti wrote a letter to other EU leaders, stating that the country “should be able to exploit any further margin in the stability pact”, enabling the start of a stimulus plan to create jobs, while countries undertaking tough reforms should be rewarded.

Despite France backing his plea, German Chancellor Angela Merkel’s reacted coolly to the proposal.

 

Original article at Il Sole-24 Ore

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s