Itay's new PM: Nation will stay 'pro-Europe'

Italy's new PM: pro-European recipe for growth while healing finances; vows to cut tax burden

Associated Press
Italy's new government wins 1st confidence vote
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Italian Premier Enrico Letta, is flanked by Integration Minister Cecile Kyenge, left, and Agriculture Minister Nunzia De Girolamo, during the swearing in ceremony of the new government at the Quirinale Presidential Palace, in Rome, Sunday, April 28, 2013. (AP Photo/Domenico Stinellis)

ROME (AP) -- Italy's new premier says his broad coalition will work to heal the nation's finances while encouraging economic growth.

Enrico Letta is laying out his vision Monday of a pro-European Italy focused on spurring investments and job creation. The center-left leader, who has brought media mogul Silvio Berlusconi's conservatives together in a tense coalition, is seeking support as he faces for confidence votes in Parliament.

Appeasing Berlusconi, Letta said Italians won't have to pay an unpopular property tax this June while a system fairer to the less affluent is devised.

Financial markets have already signaled approval of this apparent end of the months-long political deadlock. Letta says he'll soon go to Brussels, Berlin and Paris to reassure EU allies about Italian economic seriousness.

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