Premier Matteo Renzi said Wednesday
that Italy must watch carefully to ensure that pledges by
European Commission President Jean Claude Juncker of greater
fiscal flexibility and economy-boosting investments become fact.
Juncker has promised an EC package on jobs, growth and
investment, involving 300 billion euros over three years.
"Juncker's message is an undeniable victory for Italy's
proposals," Renzi said in a recap of his first 150 days in
office.
"We will remain vigilant to make sure words turn into
actions".
The Italian premier pointed to recent economic policy moves
by his administration as an example of growth-boosting measures
on the domestic level.
"We lowered taxes for businesses and the middle class,"
Renzi said.
"We cut the IRAP (regional business tax) and utilities
bills for small and medium businesses by 10%, respectively".
He also pointed to an 80-euro monthly bonus for low income
earners, which he said affects 11 million families.
"It's a small drop in the sea, but it marks a (policy)
U-turn," Renzi said.
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