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Italy's Renzi Pledges to Pay All Arrears

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Matteo Renzi wins a confidence vote in the Senate by 169 to 139. His economic plan is to give business a boost. He calls on Italians to free themselves from "cultural subalternity" or inferiority to Europe, and "to dream bigger." The plan is for a double digit cut in Italy's payroll taxes, creating guarantee funds for small companies, and paying all of the money the government owes to suppliers estimated at 100 billion euros. Renzi covered the subject of addressing school repairs costing several billion euros. His new cabinet has half of the ministers as women, some under 40, six from the previous Letta government. The Economy minister is Pier Carlo Padoan, chief economist of the OECD.

Italy at a crossroads in Feb. 2014, and Matteo Renzi's plan to "take the road less travelled."

02/14/2014

Matteo Renzi, becomes the new prime minister in Feb. 2014. Renzi and economic advisor Taddei plan to take Italy in a new direction with innovative solutions to increase business investment to grow the economy, as the mood in the country calls for solutions "now" to low or no growth.

Grouped Articles

Italian Prime Minister to Resign, Clearing Path for Renzi

Wall Street Journal 02/14/2014

Italy's Prospective New Premier Faces Old Hurdles

Wall Street Journal 02/15/2014

Italy's Renzi Pledges to Pay All Arrears

Wall Street Journal 02/25/2014

Renzi's Italian Job

Wall Street Journal 02/26/2014

Italy PM Renzi: Cabinet Has Approved Three-Year Budget Plan

Wall Street Journal 04/09/2014

Italy Cuts Income Taxes in Effort to Boost Economy

Wall Street Journal 04/19/2014


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