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Monti, Merkel and Sarkozy to hold mini summit

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Monti, Merkel and Sarkozy to hold mini summit

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Mario Monti, is set to meet with Nicolas Sarkozy and Angela Merkel on Thursday. The newly appointed Italian Prime Minister, with his Italian and French counterparts, represent the three largest economies in the euro zone.

Following a working lunch, they will hold a press conference in the early afternoon. Stefano Micossi, economics professor at the College of Europe in Bruges, gave his expectations for the meeting:

“Pension reform and labour market reform stand up front, the precise measures we don’t know, we have a pretty clear idea what is going to do, and then disposal of public assets, market liberalisation.

“He has for the time being a very large majority, and if he moves fast, nobody will be able to vote against him for some time”.

The meeting will be the first test for the Italian Prime Minister, since winning a confidence vote on Monday. He will now try to convince the leaders that he can deal with the economic crisis.