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Germany calls Renzi economic plan 'ambitious'

Premier to meet Merkel in Berlin Monday

14 March, 12:09
Germany calls Renzi economic plan 'ambitious' (ANSA) - Berlin, March 14 - The German government on Friday called Premier Matteo Renzi's economic-reform agenda "ambitious" and said it would be discussed at Monday's meeting in Berlin between him and Chancellor Angela Merkel. "But I don't want to give away the content of what they'll reveal right afterward," said spokesman Steffen Seibert.

Renzi, the leader of the eurozone's third-largest economy, won early praise from Merkel on the eve of winning confidence votes to become premier and replace Enrico Letta last month. Merkel, who heads Europe's biggest economy, called Renzi to congratulate him and to "wish him every success in his policy of reform," Seibert, said at the time. The phone call also came with the invitation to visit Berlin. This week Renzi unveiled a major package of tax cuts and investments to revive the weak Italian economy in its slowgoing recovery from its worst recession since World War II.

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