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Italian government will use EU funds to boost growth, jobs

Padoan says program will investment in measures for economy

06 March, 15:57
Italian government will use EU funds to boost growth, jobs (ANSA) - Brussels, March 6 - The Italian government will "immediately" use European Union funds to finance job creation and other measures to boost economic growth, Economy Minister Pier Carlo Padoan told ANSA Thursday. Premier Matteo Renzi has said he will introduce job creation measures, which he has been discussing for weeks, on Wednesday.

At least some funding for the measures can be tapped into through European Union funds, said Padoan, formerly the chief economist of the OECD.

"It is possible to start immediately to investment in a few targeted measures, in agreement with the EU, for employment and competitive measures," as part of a new program stretching through the year 2020, said Padoan.

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