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Italy's PM Renzi vows to 'unblock Italy' with new series of reforms

Published on Jun 2, 2014 12:31 AM

TRENTO, Italy (AFP) - Italy's Prime Minister Matteo Renzi on Sunday promised to "unblock Italy" with a new series of reforms designed to boost productivity and investments in the eurozone's third-largest economy.

"By the end of July I will bring in measures dubbed 'unblock Italy', which will allow people to get want they want done, and free up initiatives blocked for the past 40 years," he said at an economic conference in the northern Italian town of Trento.

The 39-year-old premier, who is riding high on a wave of popular support following his party's triumphant victory at the European elections last weekend, said he would ask Italy's mayors to flag up projects unable to get off the ground because of red tape problems.

Streamlining complicated authorisation procedures for foreign investors looking for opportunities in Italy would also do much to boost the economy, which is trying to shake off the worst recession in the post-war period, he said.

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