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Industry chief unimpressed with Letta's policy pact

Squinzi did not get 'answers we expected'

13 February, 11:38
Industry chief unimpressed with Letta's policy pact (ANSA) - Turin, February 13 - Giorgio Squinzi, the head of Italy's powerful industrial employees confederation Confindustria, said Thursday that he was unimpressed by Premier Enrico Letta's government policy pact.

Letta presented the pact, which includes pledges to cut labour and income taxes and reform the labour market, on Wednesday, as he resisted pressure for him to resign and make way for Matteo Renzi, the leader of centre-left Democratic Party (PD) that both men belong to.

"Letta made a good analysis (of the situation), but we didn't get the responses we expected," Squinzi said.

Squinzi and Renzi have both been highly critical of the failure of Letta's left-right coalition government to do more to revive the Italian economy, which is struggling to emerge from its longest postwar recession, and introduce institutional reforms to make Italy easier to govern.

Renzi may ask the PD to withdraw its support from Letta at a crunch party meeting later on Thursday.

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