Monti expects to see Italy recovery signs within months

Prime Minister Mario Monti said on Saturday he expected it would be only a few more months before signs of recovery start to emerge in the recession-hit Italian economy.

Addressing an agriculture conference in northern Italy, Monti spoke of "a few months, just a few months I hope that we have left before we start seeing clear signs of recovery."

Italy has been in a recession since the middle of last year, weighed down by austerity measures passed by Monti's government to cut the country's massive debt, including tax hikes, spending cuts and a pension overhaul.

Unemployment has risen to its highest since monthly records began in 2004 and unions are locked in growing disputes with companies over plant closures and layoffs.

Read Full Article from Reuters

- Posted: 2012-10-20 23:57:35

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