Italian Prime Minister Matteo Renzi, in his first official visit to London, pledged to simplify labor-market rules and make them available in English to attract investment and keep entrepreneurs out of trouble.
Italian Prime Minister Matteo Renzi’s cabinet is poised to pass tax cuts worth as much as 10 billion euros ($14 billion) and approve plans to overhaul the labor market, as he sets out to jump-start the euro area’s third-biggest economy.
Italian Prime Minister Matteo Renzi won his first confidence vote in the Chamber of Deputies, demonstrating the ability to build majorities in both houses of parliament even as allies expressed their doubts.
The weekend announcement by Italian Prime Minister Mario Monti that he will resign triggered a rush to sell off Italian debt and stocks, as investors blanched at the uncertainty that will follow the departure of “Super Mario.”
Italian Prime Minister Matteo Renzi’s government faces confidence votes in parliament this week, the first test since taking office for the 39-year-old who rose to power as a critic of the political establishment.
Former Prime Minister Mario Monti, the economics professor who imposed austerity on Italy in 2011, quit the leadership of his political party after criticizing the policies of his successor, Prime Minister Enrico Letta.