Renzi watching to see Juncker pledges become 'facts' -update

(ANSA) - Rome, July 30 - Premier Matteo Renzi said Wednesday that Italy must watch carefully to ensure that pledges by European Commission President Jean Claude Juncker of greater fiscal flexibility and economy-boosting investments become fact.
    Juncker has promised an EC package on jobs, growth and investment, involving 300 billion euros over three years. "Juncker's message is an undeniable victory for Italy's proposals," Renzi said in a recap of his first 150 days in office.
    "We will remain vigilant to make sure words turn into actions".
    The Italian premier pointed to recent economic policy moves by his administration as an example of growth-boosting measures on the domestic level. "We lowered taxes for businesses and the middle class," Renzi said. "We cut the IRAP (regional business tax) and utilities bills for small and medium businesses by 10%, respectively".
    He also pointed to an 80-euro monthly bonus for low income earners, which he said affects 11 million families. "It's a small drop in the sea, but it marks a (policy) U-turn," Renzi said.