23 May 2001, 17:03  Eurogroup's Reynders to request budget plans from new Italian govt

BRUSSELS (AFX) - Eurogroup president, Belgian finance minister DDA Reynders, said he will be pressing the new Italian government to provide information on its plans for fiscal consolidation and structural reform. He said he will make these enquiries at the next eurogroup meeting on June 5. He told an American Chamber of Commerce meeting that the Eurogroup should be proactive rather than reactive in preventing budgetary problems among member states adding that only then could situations such as the dispute over Ireland's tax cuts be avoided.

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