Rome set to back austerity package

The Italian government Rome approved on the 30 June 2011 an austerity drive worth up to €47bn in savings by 2014, in a move aimed at reassuring the markets and its European partners on its fiscal discipline. The plan would then go to parliament for confirmation before the summer recess.

ESO: Background information: Protests greet Rome efforts to cut deficit http://www.europeansources.info/record/protests-greet-rome-efforts-to-cut-deficit/

EUObserver, 1.7.11: Italian cabinet passes austerity package http://euobserver.com/9/32577

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