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Italy’s new prime minister proposes ambitious growth plan

Warns of ‘serious emergency’ at home, in Europe

Prime Minister Mario Monti said Italians could expect to make sacrifices in the months ahead. Prime Minister Mario Monti said Italians could expect to make sacrifices in the months ahead. (Tony gentile/reuters)
By Elisabetta Povoledo and Rachel Donadio
New York Times / November 18, 2011

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Mario Monti, the newly chosen prime minister of Italy, unveiled an ambitious growth-boosting program before the Italian Senate yesterday, warning that Italy and Europe faced a moment of “serious emergency.’’ At a time of international financial instability that is threatening the euro currency, and with the eyes of world markets on Italy, Monti, an economist and former European commission member, said his government would work to change Italy’s labor market and pension system, fight tax evasion, and make it easier for businesses to grow.

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