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Italy's Padoan says Europe needs to be bolder in boosting investment

Published 02/09/2015, 04:28 AM
Updated 02/09/2015, 04:28 AM
© Reuters. Italy's Minister of Economy and Finance Pier Carlo Padoan speaks during a discussion during the World Bank/IMF annual meetings in Washington

ISTANBUL (Reuters) - Europe needs to be bolder in boosting investment and needs to take policy steps that encourage private sector spending particularly in infrastructure, Italian Economy Minister Pier Carlo Padoan said on Monday.

"We need to be bolder in Europe in terms of risk taking ... I hope that policy action will indeed facilitate stronger private sector investments, especially infrastructure investments," Padoan told an Institute of International Finance gathering in Istanbul ahead of a meeting of G20 finance chiefs.

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