Italy’s Renzi Calls for Europe to Change Course on Austerity


Reuters ROME — Italian Prime Minister Matteo Renzi called on Tuesday for a change of course in Europe, saying that austerity policies on their own could not guarantee fiscal stability in the face of rising unemployment and economic stagnation. Speaking in parliament ahead of this week’s European Union summit, Renzi said Italy was not asking for a relaxation of EU budget rules but for existing rules…

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Japan Unveils Long-Awaited Economic Action Plan

TOKYO (AP) — Japanese Prime Minister Shinzo Abe formally announced Tuesday an outline of his long-awaited growth strategy, a slew of reforms meant to revitalize the economy and restore its global competitiveness. The plan, approved by the Cabinet earlier in the day, includes dozens of proposed changes to labor regulations, […]