CCTV.com - CNTV English - CCTV News

Italy opposes EU growth boosting measures

10-26-2011 12:39 BJT

Related reading:

Berlusconi to call cabinet meeting on growth

BRUSSELS - Prime Minister Silvio Berlusconi said he expected to call a cabinet meeting on Monday to discuss measures to boost growth, as Italy comes under mounting pressure from European partners to step up reforms to restore market confidence.

"I'm thinking of calling a cabinet meeting on growth tomorrow," he told reporters in Brussels. 

"I want to take advantage of this situation to see if we can push through measures that I have always thought of but haven't been able to accomplish because of differences within the coalition majority - for example, on pensions. Mainly on pensions."

He said he would try to persuade allies to back pension reform, an issue that became a sticking point with his Northern League coalition partner earlier this year. The League, on whom Berlusconi relies for survival in parliament, has opposed efforts to raise the retirement age for women.

His comments came after EU leaders pressed Italy to speed up economic reforms to avoid a Greek-style debt meltdown, urging it to provide a timeline and concrete measures on privatisation and labour market reform, among other areas. 

After dodging the worst of the financial crisis and economic troubles roiling Europe in the last few years, Italy has moved to the centre of eurozone debt crisis in recent months with bond yields soaring.

Investors are worried about the sustainability of Italy's 1.9 trillion-euro debt pile and its chronically sluggish growth, and fear a weak government riven by infighting and scandal will fail to push through reforms. 

Berlusconi, distracted in recent months by sex scandals and legal headaches, reiterated that Italy would balance its budget by 2013 and start cutting its debt that year or sooner by putting state properties on the market.

 

Editor:James |Source: CNTV

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program