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.
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.”
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.
Italian Prime Minister Mario Monti and one of his challengers in next month’s elections, Silvio Berlusconi, sparred over the government’s unpopular property tax and economic policy in a weekend media blitz.
The European Central Bank should not impose extra economic conditions on nations using its bond- buying mechanism, and the International Monetary Fund shouldn’t have an oversight role, said Italian Prime Minister Mario Monti.