Italy PM Renzi says to accelerate growth and respect EU limits

(Reuters) - Italian Prime Minister Matteo Renzi said on Monday the goal of his government is to increase the country's growth rate, which has been among the lowest in the euro zone for more than a decade, while respecting European Union budget limits.

Debt crisis: Mario Draghi cancels Jackson Hole appearance

European Central Bank president Mario Draghi will not attend the US Federal Reserve's Jackson Hole gathering of central bankers later this week due to a heavy workload, a spokesman said Tuesday.