Italy Would Face Greek Fate Without Austerity, Grilli Tells Sole

Italy would have ended up like Greece had the government not pushed through a 30 billion-euro ($39 billion) emergency budget, Deputy Finance Minister Vittorio Grilli told Il Sole 24 Ore in an interview published today.

Without the package, “our future was Greece,” Sole cited Grilli as saying. Prime Minister Mario Monti and Development Minister Corrado Passera “are now working on a package of measures” to spur economic growth, Grilli told the Milan-based newspaper.

To contact the reporter on this story: Lorenzo Totaro in Rome at;

To contact the editor responsible for this story: Craig Stirling at;

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.