Mercoledì, 17 Ottobre 2018

Letta says political instability may cost Italy billions


Rome, September 11 - Italian Premier Enrico Letta
said Wednesday that political instability risks "costing the
country billions" of euros, with his left-right executive in
danger of collapsing in the fallout of the supreme court's
decision to uphold a tax-fraud conviction against Silvio
Berlusconi last month.
Italy's borrowing costs have risen with Berlusconi's
centre-right People of Freedom (PdL) threatening to pull its
support from the government and sink it if its alliance partner,
Letta's centre-left Democratic Party (PD), votes on a Senate
panel for the three-time premier to be stripped of his seat in
Letta said that Italy is no longer considered a threat to
global financial stability after austerity measures and reforms
passed by the emergency technocrat administration of his
predecessor Mario Monti.
But he warned that a government crisis could squander these
"The great result of last week's G20 summit in St
Petersburg is that Italy is no longer under special watch,"
Letta told the Senate.
"We can ruin this in a moment by throwing away the
stability conquered with hard work and we could easily return to
conditions of very great difficulty".

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