BREAKING NEWS

Italy reiterates support for emphasizing euro zone growth

By REUTERS

MAY 23, 2012 20:09

UNITED NATIONS - Italy on Wednesday reaffirmed its support for the growing group of euro zone countries that believe there should be a shift away from austerity towards economic growth.

"I believe that now the effort after all the political developments that we saw in different European countries, but not only in Europe, we are profoundly convinced in Italy that the agenda for growth now is the highest priority," Italian Foreign Minister Giulio Terzi told reporters in New York.

"And I am quite confident that a number of proposals will be on the table in the... European Council tonight and will bring to some urgent and quick decision with the European Union," he said at the United Nations.

EU leaders are meeting in Brussels on Wednesday to explore ways to revive their stricken economies.

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