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MAR 15, 2013 - The Guardian

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Mario Monti: EU faces backlash over austerity measures

Italian premier warns EU leaders they are not acting fast enough to combat youth unemployment and revive flagging economiesItaly's outgoing prime minister has warned European leaders that the rigid austerity policies of the past three years have generated mass disaffection with the EU and a populist political backlash.In a bitter valedictory statement to a two-day EU summit that ended in Brussels on Friday, Mario Monti, who was crushed in the recent Italian election – a result that stunned the EU elite – pleaded for greater scope on economic and fiscal policy in the crisis.He complained that ... Read More

Tags: Mario Monti: EU faces backlash over austerity measures,  Silvio Berlusconi Latest News