Bank Of Baku

Italian parliament accepts anti crisis measures

Italian parliament accepts anti crisis measures
# 15 September 2011 08:31 (UTC +04:00)
Baku - APA-Economics. Italian MPs have narrowly backed Prime Minister Silvio Berlusconi’s austerity plan, aimed at putting the brakes on the debt crisis threatening the whole euro zone, APA reports citing Associated Press.

They voted by a majority of 14 in favour of the plan. The much-altered measures were passed by the Senate on Tuesday; they are now set to become law.

The vote – by 316 in favour to 302 against – had been seen as a test for Silvio Berlusconi’s leadership, and effectively became a vote of confidence in the government. It has survived, but only after the debate exposed deep divisions in the ruling coalition.

The question is now whether Berlusconi, weakened by sex scandals and corruption trials, can enforce promised reforms.

The mix of tax hikes and spending cuts is aimed at balancing the budget by 2013. But where the axe falls has been the subject of fierce debate.
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