Italian Prime Minister, Mario Monti, said today in Tokyo, where he is on official visit until Friday, the euro area “has gone through a huge crisis,” which in his view, “almost done”.
Monti, who landed last night in Japan preceding the Second Nuclear Security Summit in Seoul, which concluded yesterday, reviewed the measures taken by Italy to end the crisis after the country “very delicate moments happen,” he said.
The former European commissioner, said the “crucial” role of Japan in the global economic outlook and urged him to regain his confidence in Italy, a country that is “in a year of transformation” in which she hoped would strengthen its financial position and set the foundation for “further growth”.
Monti technocrat government, in power since mid-November following the resignation of Silvio Berlusconi, Italy has managed to be “much safer than five months ago” what he hopes will serve to attract Japanese investment again, said during a talk held in the auditorium of the local business newspaper Nikkei.
In this sense, the Italian prime minister he emphasized that his government is focused on measures to consolidate the budget, reforming the pension system or create packages to liberalize the market, he said.
As for labor reform in Italy, said to be greater protection for people who lose their jobs and will be designed “especially for young people who want to work, but who are offered contracts short and precarious.”
Before the lecture, Monti met with Minister of Finance Nippon, Jun Azumi, which dealt with tax problems affecting the euro area and discussed the possibility that Japan will contribute to the expansion of IMF funds.
In this sense, the IMF, based in Washington, seeks to raise up to 500,000 million in additional resources for lending to tackle the growing global challenges, especially to ease tensions over European debt crisis.
During the afternoon it is expected that Monti also meet with his counterpart Nippon, Yoshihiko Noda, as part of his official visit.
Category: Personal Finance