EU's Barroso says Italy elections must not stop reform drive

ROME Sun Dec 9, 2012 3:40am EST

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ROME Dec 9 (Reuters) - Early elections in Italy must not call into question the economic reform agenda of Prime Minister Mario Monti because the risk of financial crisis has still not been dispelled, the head of the European Commission said in an interview on Sunday.

"The next elections must not serve as a pretext for putting in doubt how indispensable these measures are," Commission head Jose Manuel Barroso told business daily Il Sole 24 Ore in an interview published a day after Monti announced that he would resign early.

"The relative calm on the markets does not mean we are out of the crisis," he said.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.