Premier Matteo Renzi said Monday
in Tokyo that he and Japan's Prime Minister Shinzo Abe agree on
the importance of investment for economic expansion.
Both countries, as major manufacturers and exporters,
understand and agree that economic austerity cannot be the only
goal of governments, said Renzi.
"Prime Minister Abe joins us in the idea that development
comes not only by austerity but by growth and by investments,"
said Renzi.
"We are partners and friends...and share cultural values".
Renzi has been promoting the idea that budget austerity and
abiding strictly by European Union rules on tight deficit
controls is counter-productive to economies - such as Italy's -
that have been hit hard by recession.
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