• Passing of latest austerity measures means Italy can face the Euro crisis with it’s head held high
• Concludes “urgent ” budget work today and awaits Senate approval this afternoon..
• Will work to make European policy more growth orientated
• Must have confidence in italian bonds, credibility is the key to overcoming current crisis, italians must buy Government bonds
• Recent ECB action favours credit flow across Europe
• Situation however still remains critical in Europe
• Italy wants to remain a great Industrial nation, needs to liberalize professions
• Will meet unions on labour reforms
• Tax increases will weigh less on labour , more on wealth