[QODLink]
Europe

Berlusconi says PM to blame for recession

Former Italian prime minister accuses Mario Monti of following "Germano-centric" policies to worsen country's economy.
Last Modified: 11 Dec 2012 11:50
Prime Minister Monti left his political future open, saying he is concentrating on his remaining time in office [Reuters]

Former Italian Prime Minister Silvio Berlusconi has accused the technocrat government of Mario Monti of dragging Italy into recession by following economic policies by Germany.

In Tuesday’s remarks Berlusconi said Germany had taken advantage of the financial crisis to lower its own borrowing costs at the expense of other states.

He said the prime minister’s government had been compliant in following harmful austerity policies set by other European countries.

"The Monti government has followed the Germano-centric policies which Europe has tried to impose on other states and it has created a crisis situation which is much worse than where we were when we were in government," he told his own Italy’s Canale 5 television.

Monti's political future

Also on Tuesday, Monti said he still wanted to influence political debate in whatever role he fills after elections next year, leaving his political future open following speculation he may remain in politics.

Financial markets have reacted nervously to the uncertain political outlook facing Italy after the election and in particular to the return of Silvio Berlusconi as the candidate of the centre-right People of Freedom (PDL) party.

Monti has so far kept silent on his future, saying on Monday that he was concentrating on his remaining time in government and was not thinking about whether to stand as a candidate.

Speaking on state television RAI on Tuesday, he defended his government's economic record and warned against "oversimplified" election promises that hid the true problems facing Italy and he again left his political plans open.

"Politics is above all a question of culture, that is, trying to give direction to people's ideas," he told state television RAI.

274

Source:
Agencies
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
A handful of agencies that provide tours to the Democratic People's Republic of Korea say business is growing.
A political power struggle masquerading as religious strife grips Nigeria - with mixed-faith couples paying the price.
The current surge in undocumented child migrants from Central America has galvanized US anti-immigration groups.
Absenteeism among doctors at government hospitals is rife, prompting innovative efforts to ensure they turn up for work.
Marginalised and jobless, desperate young men in Nairobi slums provide fertile ground for al-Shabab.
join our mailing list