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2/17/14

Italy: Renzi poised to form Italian government, promises rapid change - by James Mackenzie

Italian centre-left leader Matteo Renzi received a mandate on Monday to form a new government, promising rapid tax, labor and institutional reforms to revive a deeply troubled economy.

He needs to seal a formal coalition deal with the small centre-right NCD party to secure a majority and name his cabinet, but will probably seek a vote of confidence in parliament later this week.

Renzi, who engineered the removal of a party rival from the premiership last week, plans a radical program to lift Italy out of its most serious economic slump since World War Two. However, he will have to deal with the same unwieldy coalition which he criticized for failing to pass major reforms under its previous leader.

"In this difficult situation, I will bring all the energy and commitment I am capable of," he told reporters after President Giorgio Napolitano gave him the mandate to form the next government.


Read more: Renzi poised to form Italian government, promises rapid change | Reuters

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