Rome

Italy sees light at the end of tunnel, Gurria says

'Enormous effort' being made

Italy sees light at the end of tunnel, Gurria says

Rome, May 2 - Italy is already seeing "the light at the end of the tunnel" of the economic crisis, OECD Secretary-General Angel Gurria said Thursday after meeting with Prime Minister Enrico Letta in Rome. Gurria told a joint press conference with the new Italian premier that "an enormous effort" was being made to restore health to Italy's public finances which "must be consolidated". Cutting taxes "is a concern for all", Gurria also said, and in particular the cost of labour needs to be addressed ahead of tax cuts for companies. The OECD secretary-general said that in order to do this, action needed to focus on VAT, real estate properties and the development of the green economy.

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