Prime Minister Mario Monti on Tuesday set out Italy’s priorities for growth in the euro zone, calling for changes in the way budget deficits are calculated and urging the EU Commission to be more active in setting a growth agenda.
Speaking at a conference attended by EU Economic and Monetary Affairs Commissioner Olli Rehn, Monti said the time for studying and talking about how to boost the euro zone’s stagnant economy was over.
“I exhort Commissioner Rehn and the Commission to take a very active and leading role,” said Monti.
He called for changes in EU budget rules to allow governments to pay outstanding bills to the private sector without pushing up their budget deficits, and greater distinction between public investments and other types of spending.
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