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Italian Senate passes key austerity package

Italian Senate passes key austerity package

The Italian Senate has approved key austerity cuts aimed at convincing investors that the eurozone's third-largest economy won't be swept into the debt crisis.
The measures were passed 161-135 Thursday in a vote of confidence called by Premier Silvio Berlusconi's government.
The government fast-tracked approval _ originally scheduled for August _ to soothe jittery markets. The lower house votes on Friday for final approval.


Updated : 2021-10-25 00:42 GMT+08:00