World Business News

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Renzi says Europe is like a boring old aunt

Zone(s): Europe ¦ Sector(s): EU Structure

[25 June 2014, CITY AM.]  By Michael Bird: Italian Prime Minister Matteo Renzi called for a change of course for the European Union yesterday, likening the institution to a “boring old aunt”. The head of government called for more flexible rules on the fiscal plans of Eurozone states that are being particularly proactive in their structural reforms, echoing comments last week by German economy minister Sigmar Gabriel.