Part-PAR-Par7941999-1-1-0

Italy admits it will not meet growth targets

Italy's Economy and Finance Minister Pier Carlo Padoan looks on during a press conference on July 31 2014, in RomeItaly’s Prime Minister Matteo Renzi said on Thursday he expected the eurozone’s third largest economy to miss its growth target this year — a failure that will make it tough for the government to balance its budget. We’re not in a position to be as virtuous as we imagined,” he told members of his centre-left Democratic Party, two weeks after the Bank of Italy dramatically slashed its growth forecast. The admission did not stop the ambitious 39-year-old declaring that Italy — which currently holds the presidency of the European Union — will “lead the recovery” in Europe. The national statistics institute (ISTAT) agreed with the sombre assessment on Italy’s growth.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article