Grilli Says No Plans for More Austerity Measures in Italy

Finance Minister Vittorio Grilli said Italy has no plans to introduce further austerity measures to tackle the budget deficit.

While the recession is affecting the budget in nominal terms, structural deficit targets are still on track, he told reporters in Nicosia, Cyprus today after meeting European finance chiefs.

To contact the reporter on this story: Andrew Frye in Rome at afrye@bloomberg.net

To contact the editor responsible for this story: Andrew Atkinson at a.atkinson@bloomberg.net

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