| Author (Person) | Dinmore, Guy, Segreti, Giulia |
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| Series Title | Financial Times |
| Series Details | 16.12.11 |
| Publication Date | 16/12/2011 |
| Content Type | News |
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Italy’s new government sailed through a parliamentary vote on its tough austerity package on the 16 December 2011. The result will please Brussels and financial markets but at the risk of deepening a double-dip recession through €30bn of tax increases and spending cuts. A week of stormy debates had earlier exposed how Italy’s emergency government is causing a shake-up in national politics and a shift to the centre, with the Euro-sceptic Northern League – formerly allied with Mr Berlusconi – and the Italy of Values – former partners of the Democrats – both voting against the package. A final approval in the Senate chamber, and its subsequent conversion into law, was expected by 24 December 2011. |
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| Countries / Regions | Italy |
