Oct. 27 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi was urged to pursue an “ambitious timetable” to boost economic competitiveness, according to a draft statement from a summit of euro-area leaders in Brussels. Berlusconi should reduce debt, cut bureaucracy and liberalize closed professions, the draft said.

To contact the reporter on this story: Chiara Vasarri in Brussels at cvasarri@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net