Berlusconi says PM to blame for recession

Former Italian prime minister accuses Mario Monti of following "Germano-centric" policies to worsen country's economy.

    Berlusconi says PM to blame for recession
    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.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.