Industry leader says Italy risks being ruled from Brussels
Squinzi worried about effects of political instability30 September, 14:32
Confindustria President Giorgio Squinzi said he feared the country could return to the situation it faced late in 2011, when Silvio Berlusconi was forced to quit as premier to make way for Mario Monti's emergency technocrat administration due to the threat of a Greek-style financial meltdown.
Monti's government steered Italy away from the centre of the eurozone crisis via painful austerity measures.
On that occasion Rome avoided the indignity of having policy dictated to it like Greece did after its international bailouts.
But Squinzi is worried things could get even worse if Letta's grand-coalition government, which replaced Monti's executive in April, sinks.
"I hope that all this instability does not lead to orders from Europe and not management by (externally appointed) commissioners," Squinzi said.
"I hope that a sense of responsibility prevails in those who govern us.
"I wouldn't like us to be in the same situation as in October 2011 (a month before Berlusconi quit)". He added that it was "fundamentally important" that the 2014 budget law be passed with the measures Letta said it would feature, including cuts to labour taxes.