Financial Times FT.com

Berlusconi criticises EU fiscal rules

By Tony Barber in Rome

Published: November 23 2004 19:12 | Last updated: November 23 2004 19:12

Silvio Berlusconi, Italy's centre-right prime minister, on Tuesday intensified his personal crusade for income tax cuts by attacking the European Union's rules on fiscal discipline as bad for business and economic growth.

Describing tax cuts as fundamental to his political philosophy, the 68-year-old billionaire businessman warned that Italy and other EU countries risked falling into "strategic decline" unless they reduced state economic controls and boosted competitiveness.

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