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Murdoch Says Monti’s Action ‘Encouraging’ for Investors in Italy

June 13 (Bloomberg) -- News Corp. Chairman Rupert Murdoch said the policies put in place by Prime Minister Mario Monti’s government are “encouraging” for companies willing to invest in Italy.

“The Italian government is working on building new growth by balancing austerity and cuts with strategic investments,” Murdoch said at an event in Rome today, according to the e-mailed text of his speech. “Those actions, together with strong political leadership, can send a clear message to international markets.”

Murdoch also said that Italian lawmakers should swiftly approve the government’s overhaul of the labor market rules and other measures aimed at enhancing the country’s growth potential. He also called on the nation’s authorities to guarantee “independent and competent regulators working transparently and professionally.”

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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