Italy's Prime Minister Matteo Renzi (L) and Economy Minister Pier Carlo Padoan (R) give a press conference in Rome's Palazzo Chigi on April 8, 2014. Italy will fund 6.7 billion euros of tax cuts in 2014 with spending cuts, higher VAT revenues and by raising taxation of Italian banks' revalued stakes in the central bank, Prime Minister Renzi said on April 8. AFP PHOTO / Filippo MONTEFORTE (Photo credit should read FILIPPO MONTEFORTE/AFP via Getty Images)
