Italy debt too high, credible plan needed - IMF

Labour market, civil service reforms says Thomsen

18 October, 17:35

    WASHINGTON - Italy's debt is too high and a credible medium term plan is needed to bring it down, IMF Europe department head Poul Thomsen said Friday, saying that Italy has suffered low growth for decades.
    He also said the Italian economy continued to suffer from "underlying problems of low productivity".
    Among the measures he recommended were progress in labour market reforms and modernising the civil service. 

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