Bloomberg News

Italy Doesn’t Need Additional Austerity Measures, Monti Says

February 20, 2012

Feb. 20 (Bloomberg) -- Italy doesn’t need to push through additional austerity measures, Prime Minister Mario Monti said.

Monti said the 20 billion euros in spending cuts and tax increases that his goverenment passed last year are sufficient to help reach the target of a balanced budget in 2013. He spoke today at the Milan stock exchange

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net

To contact the editor responsible for this story: Jeffrey Donovan at jdonovan26@bloomberg.net


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