Percorso:ANSA.it > ANSA English > News

Public spending cuts of 5 bln euros aren't enough, Cgil says

Won't lead to desired effect of spurring growth through tax cuts

06 March, 16:42
Public spending cuts of 5 bln euros aren't enough, Cgil says (ANSA) - Brescia, March 6 - The five billion euros the government plans to shave off public spending to finance tax cuts and jumpstart the euro zone's third-largest economy are not enough to trigger the massive boost the government had announced it intends to generate through the action, according to Susanna Camusso, who heads the left-wing Cgil trade union.

The measures are still "a long way off from leading to the desired effect that was announced by the prime minister in parliament, in which the idea was to shock the economy into change", Camusso said. She was speaking in the Northern town of Brescia, where many Italian industrial companies operate. The Cgil union is one of Italy's biggest labour groupings and is often vocal in its criticism of government economic policy.

ALL RIGHTS RESERVED © Copyright ANSA