Berlusconi criticises EU fiscal rules

mkpdavies · 23-11-2004, 11:52 PM

http://news.ft.com/cms/s/1986ab9a-3d...0abe49a01.html

Quote:

Silvio Berlusconi, Italy's centre-right prime minister, on Tuesday intensified his personal crusade for income tax cuts by attacking the European Union's rules on fiscal discipline as bad for business and economic growth.

Describing tax cuts as fundamental to his political philosophy, the 68-year-old billionaire businessman warned that Italy and other EU countries risked falling INTO phpbb_"strategic decline" unless they reduced state economic controls and boosted competitiveness.

Sounds reasonable to me, but you can't be seen to criticise the EU now can you.

Quote:

He complained that "the blessed introduction of the single European currency has, up to now, produced an outcome that is the exact opposite of the purpose for which the euro was born, and that is an asphyxiated economy and limping growth".

So join the Euro and restrict your growth and flexability. No wonder Blair is chomping at the bit to throw us INTO phpbb_this madness.

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