Italy calls for stability pact revamp

Italy has demanded a revamp of the EU Stability and Growth Pact to devote more attention to nurturing economic growth than curbing deficits.

Italian Prime Minister Silvio Berlusconi made the demand at a business conference in Milan on Saturday and his finance minister, Giulio Tremonti, led the charge at talks in Ireland with counterparts from other European Union countries.

"We cannot not undertake a reconsideration of the Maastricht Pact," Berlusconi said, referring to the treaty that contains

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