Italian Premier Monti says he will work to spur economic growth, achieve fairness in austerity measures, reduce Italy's 120% ratio of debt to GDP

ROME , November 17, 2011 () – Italy's new premier says he will aim to spur economic growth and achieve fairness in carrying out urgent measures to keep the country from financial disaster.

Mario Monti, an economist, says what Italy does in the next few weeks will determine the fate of the euro.

He says his one-day-old government will aim for "fairness" in implementing measures he has warned will mean sacrifice for Italians. He says his priorities include lowering Italy's staggering ratio of debt to GDP, now at 120 percent.

© 2020 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.