Berlusconi Says Unfazed by Crisis After Meeting on Italy Economy
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Prime Minister Silvio Berlusconi urged Italians not to be “scared” by surging bond yields, saying the country will weather the market storm, after meeting with executives, bankers and unions on the economy.
The discussions in Rome today came after the premier, rejecting calls to resign, addressed both houses of Parliament yesterday on the nation's economy. Italy must cut red tape and lower taxes to boost growth and tame the euro region’s second-biggest debt, he said following the session.