Italian Premier Romano ProdiFor the complete report from the Associated Press Business News click on this link
EU Economy Chief: Italy on Right Path
EU Economic and Monetary Affairs Commissioner Joaquin Almunia said Monday that Italy was on the "right path" to improving its economy but must do more to improving its public finances and introduce structural reforms. Almunia gave his assessment at a news conference after a day of meeting with Italian Premier Romano Prodi, Italy's economic minister, Tommaso Padoa-Schioppa, central bank governor Mario Draghi and other key players in the Italian economic picture.
Almunia's praise for progress so far could be a big boost to Prodi as he tries to shepherd a 2007 draft budget, including tax hikes, through parliament.
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