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Italy presses ahead with balanced-budget measures

 Italian Finance Minister Giulio Tremonti, left, is greeted by an unidentified Senator prior to the start of a confidence vote on Government's austeri...
 Demonstrators scuffle with Italian Carabinieri, paramilitary policemen, in front of the Senate during a protest against Government's austerity measur...
 Demonstrators gather during a protest against the Government's austerity measures in front of the Italian Parliament, in Rome, Wednesday, Sept. 7, 20...
 Italian Carabinieri, paramilitary policemen, in riot gear patrol in front of Parliament, in Rome, Wednesday, Sept. 7, 2011. Italy's upper house of pa...

Italy Financial Crisis

Italian Finance Minister Giulio Tremonti, left, is greeted by an unidentified Senator prior to the start of a confidence vote on Government's austeri...

Italy Financial Crisis

Demonstrators scuffle with Italian Carabinieri, paramilitary policemen, in front of the Senate during a protest against Government's austerity measur...

Italy Financial Crisis

Demonstrators gather during a protest against the Government's austerity measures in front of the Italian Parliament, in Rome, Wednesday, Sept. 7, 20...

Italy Financial Crisis

Italian Carabinieri, paramilitary policemen, in riot gear patrol in front of Parliament, in Rome, Wednesday, Sept. 7, 2011. Italy's upper house of pa...

Italy's government is pressing ahead with a proposed constitutional amendment calling for a balanced budget, a day after the Senate approved a much-revised austerity plan to calm financial markets.
The Cabinet on Thursday signed off on the proposed amendment. It must be approved by a two-thirds majority in each house of Parliament.
Economy Minister Giulio Tremonti called for a "constructive and quick" parliamentary discussion and predicted it would ultimately pass.
The Cabinet met a day after the Senate approved a separate austerity package aimed at reducing the deficit by more than (EURO)54 billion ($70 billion) over three years through budget cuts, tax hikes and changes to Italy's costly pension system.


Updated : 2021-04-12 22:07 GMT+08:00