Published on Jan 12, 2012 by
Euronews
http://www.euronews.net/ Italian Prime Minister Mario Monti has said that Europe cannot rely on austerity to fix its economic problems.
The former European Commissioner told parliament that more efforts must be made to boost growth.
On Wednesday he met with German Chancellor Angela Merkel, who praised Italy's plans to reduce its 1.9 trillion euro debt pile.
Monti said EU leaders must soon agree new rules on fiscal discipline.
He added. "It's very important, without forgetting fiscal discipline, to go beyond that and invest more energy into growth."
The former European Commissioner told parliament that more efforts must be made to boost growth.
On Wednesday he met with German Chancellor Angela Merkel, who praised Italy's plans to reduce its 1.9 trillion euro debt pile.
Monti said EU leaders must soon agree new rules on fiscal discipline.
He added. "It's very important, without forgetting fiscal discipline, to go beyond that and invest more energy into growth."
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