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Letta tells Confindustria he can't wreck Italy's accounts

Premier responds to criticism of 2014 budget package

19 December, 15:44
Letta tells Confindustria he can't wreck Italy's accounts (see related stories) (ANSA) - Brussels, December 19 - Premier Enrico Letta responded to criticism of his government's 2014 budget package from industrial employers confederation Confindustria Thursday.

Confindustria has repeatedly said the package does not do enough to revive the recession-battered economy and is too timid with labour-tax cuts.

Letta pointed out that his government has to ensure the budget deficit-to-GDP ratio remains within the 3% threshold allowed by the EU and act to reduce Italy's huge public debt.

"I have the responsibility to keep the Italy boat steady," said Letta ahead of a European Union summit in Brussels.

"I want tools for growth, without wrecking the accounts".

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