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EU confident in new Italian government

'With right politics', Italy can overcome challenges, says Rehn

22 November, 12:05
EU confident in new Italian government (ANSA) - Rome, November 22 - The European Commissioner for Economic and Monetary Affairs, Olli Rehn, said Tuesday he was confident that Italy could overcome its economic challenges as Italian Premier Mario Monti was to make his first official visit to Brussels since stepping into office. "With the right politics, Italy can overcome the present lack of faith in the markets," he said.

The commissioner added that the Italian economy would continue to undergo monitoring "in the coming months" to ensure the implementation of reforms designed to boost economic growth and cut the country's massive 1.9-trillion-euro debt.

"The new premier has even indicated his intention to go above and beyond in some important areas," said Rehn. "Some important measures have already been met". Monti, who also holds the economy portfolio and spent the weekend reviewing data on the country's finances, stepped in to lead an emergency government of non-political experts tasked with implementing EU-mandated reforms after Silvio Berlusconi quit as premier.

He was to meet with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso in Brussels on Tuesday.

On Thursday he will have talks with French President Nicolas Sarkozy and German Chancellor Angela Merkel in Strasbourg.

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