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Italian PM sketches ambitious action plan

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Italian Prime Minister Matteo Renzi kisses an unidentified member of the parliament during a confidence vote at the lower house of the parliament in Rome yesterday.

Italian Prime Minister Matteo Renzi kisses an unidentified member of the parliament during a confidence vote at the lower house of the parliament in Rome yesterday.

REUTERS

Italian Prime Minister Matteo Renzi kisses an unidentified member of the parliament during a confidence vote at the lower house of the parliament in Rome yesterday.

ITALIAN Prime Minister Matteo Renzi (39), won his first confidence vote in parliament, pledging to cut labour taxes, free up funds for investment in schools and pass wide institutional reforms.

Facing parliament for the first time, Renzi who is Italy's youngest premier, sketched out an ambitious programme of change in an hour-long speech

The eurozone's third-largest economy is in urgent need of potentially painful reforms and is weighed down by a €2trn public debt. The outgoing mayor of Florence, who won the leadership of the Democratic Party in December, forced party rival Enrico Letta to resign as prime minister earlier this month after repeatedly criticising his government's record.

Reuters