Italy wants EU to reassess policy amid clash with deficit target

Italy's minister for European affairs Paolo Savona said on Wednesday he had presented to European Union legislators a document in which he proposes a review of the EU's monetary and fiscal policy.

Savona, who was the Italian government's original pick as an economy minister but vetoed by the head of state due to his critical opinion of the euro, said he presented to the European Parliament a document in which he proposed "to reassess the European monetary and fiscal policy in an integrated manner".