Italy's Renzi calls for shift away from austerity to investments
MILAN Oct 16 (Reuters) - Keeping national budgets under control is important but investments are crucial to exit the current economic crisis and rapidly rising market turbulence, Italy's Prime Minister Matteo Renzi said on Thurdsday.
"We have cancelled the word 'growth' for years to focus on fiscal discipline, but we cannot exit this (economic) crisis without investments," Renzi said in his speech at Asia-Europe Business Forum in Milan.
Renzi said the new European Commission due to take office in November must mark "a new political phase" in order to tackle "the crisis that is returning with force to international markets." (Reporting by Francesca Landini and Stephen Jewkes)
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