Enrico Letta’s government is poised to be installed starting today, as the end of two months of political turmoil in Italy was marred by the shooting of two policemen outside the prime minister’s office in Rome.
Italian Prime Minister Silvio Berlusconi held talks today with Finance Minister Giulio Tremonti for the first time since Tremonti skipped a parliamentary vote to block the arrest of the finance chief’s former top aide.
Finance Minister Giulio Tremonti said Italy will seek to ease labor market laws, sell local services and possibly raise the capital-gains tax to balance its budget and secure European Central Bank support for its bonds.
Italian Finance Minister Giulio Tremonti said the European Union’s governing treaty may have been rendered obsolete by the financial crisis and the impact of globalization and a new agreement should be considered, Ansa news agency reported.
Italian Finance Minister Giulio Tremonti said Italy’s budget shortfall is likely to be lower than government targets in 2011 and 2012 because its program of spending cuts have been speeded up, the Wall Street Journal reported, citing an interview.