[ Ссылка ] Italian Prime Minister Mario Monti has said that despite the recession there will be no need for a new austerity budget.

As Italy's technocrat leader met bankers and investors at the Milan Stock Exchange he stressed his government has already done enough to get the country back on track fiscally: "If the recession lasts, if there is no improvement for the economy, is there a need for a new budget? The answer is no."

He added: "Italy needs growth, and it can't grow alone and it needs Europe to know that Italy has recognised its need for growth."

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