Italy approves US$4b spending
Source: Bloomberg News |
June 17, 2013, Monday
|
Print Edition
Print Edition
THE Italian government approved measures to create over 3 billion euros (US$4 billion) of funds for building roads and railway lines.
The infrastructure spending will create 30,000 jobs, the government said late Saturday. Other incentives include subsidized loans for as much as 5 billion euros for small companies that buy machinery and a reform of the nation's civil court proceedings to accelerate the resolution of disputes.
Prime Minister Enrico Letta, on the job since April, is under pressure to revive an economy that has been in a slump since 2011. The European Union should focus more on growth and job creation and less on austerity after cuts to trim Italy's deficit worsened the economic contraction, Letta has said.
The infrastructure spending will create 30,000 jobs, the government said late Saturday. Other incentives include subsidized loans for as much as 5 billion euros for small companies that buy machinery and a reform of the nation's civil court proceedings to accelerate the resolution of disputes.
Prime Minister Enrico Letta, on the job since April, is under pressure to revive an economy that has been in a slump since 2011. The European Union should focus more on growth and job creation and less on austerity after cuts to trim Italy's deficit worsened the economic contraction, Letta has said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
