Germany calls Renzi economic plan 'ambitious'
Premier to meet Merkel in Berlin Monday14 March, 12:09
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.