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12/23/13

Italy PM Letta pledges reform pact in January

Italian Prime Minister Enrico Letta promised on Monday to present a formal coalition pact in January with reforms ranging from an overhaul of the electoral law to cuts to bureaucracy and taxes.\

Letta, appointed to head a grand coalition of left and right after last February's deadlocked elections, said 2014 would be the year in which a new generation of leaders could launch reforms to pull Italy out of two decades of stagnation.

"I have been part of this change and I feel the full weight of responsibility. This generation will have the opportunity of changing Italy and I am convinced it can do it," 47-year-old Letta told the traditional end-of-year news conference.

"We have the most complex part of this crisis behind us and we have to be in a position to take advantage of some important opportunities," he said.

Read more: Italy PM Letta pledges reform pact in January | Reuters

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