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Renzi govt must give answers to 'country at end of tether'

'Must get out of six-year crisis ASAP' says Squinzi

20 February, 16:16
Renzi govt must give answers to 'country at end of tether' (ANSA) - Rome, February 20 - The head of the confederation of Italian industry, Giorgio Squinzi, on Thursday called on the likely government of premier-designate Matteo Renzi to provide "answers" to a country that is "at the end of its tether after a crisis which has lasted for six years".

Italy officially emerged from its longest postwar recession in the second half of 2013 but the anaemic fourth-quarter growth of 0.1% has yet to make a dent in record unemployment or help ease dramatically increased poverty.

Italy needs to fully emerge from recession as soon as possible, Squinzi said. He said Confindustria could not rate the government expected to win a confidence vote on Monday because Renzi has yet to unveil his cabinet.

The former dean of Milan's Bocconi University, Guido Tabellini, is the bookies' favourite to get the key post of economy minister, followed by the former No.2 at the Organisation for Economic Cooperation and Development, Pier Carlo Padoan.

Renzi has said he will give President Giorgio Napolitano his cabinet list on Saturday although Italian media are speculating he will be able to assemble the jigsaw by Friday night.