Berlin calls Renzi plan ‘ambitious’ before euro talks

IMG class=hide alt=”Berlin calls Renzi plan ‘ambitious’ before euro talks” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-d944cb3970fc9daeb86a4dd12d5d005d.jpg” P(By Paul Virgo) (see related story on Fitch’s forecasts) (ANSA) – Rome, March 14 – The German government on Friday called Premier Matteo Renzi’s economic-reform agenda “ambitious” ahead of a bilateral talks in which the Italian leader will seek to reassure his European partners that Rome is not going astray with its budget commitments./PPRenzi, Italy’s youngest premier at 39, announced an array of measures on Wednesday to revive the economy, which remains weak after emerging from its longest postwar recession last year, with unemployment at record levels of close to 13%./PPHe presented plans to cut income taxes by 10 billion euros, invest 1.74 billion euros in social housing programs, spend 3.5 billion euros on schools and repay 68 billion euros in outstanding bills, among other things./PPThe leader of the centre-left Democratic Party (PD) party, who unseated his PD colleague Enrico Letta to take the helm of government last month, will meet French President Fran