Forex Flash: New Italian PM to hold first Berlin visit - Investec

FXstreet.com (Barcelona) - Investec Treasury Analysts note that Italy's newly elected Prime Minister, Enrico Letta, will make his first official visit to Berlin today to meet with Chancellor Merkel.

They believe that the market will watch for any interesting headlines given their opposing views on austerity as Prime Minister Letta said yesterday that Italy will find strategies to boost growth without having to restructure public finances. They write, “The new government is seeking to introduce new fiscal measures such as lowering payroll taxes to boost employment as well as delaying an increase in VAT and suspending the controversial property tax.”