Italian parliament backs austerity measures

2011-11-12 5

Italy's lower house of parliament on Saturday approved a package of economic reforms designed to restore confidence in Italy's strained finances. Prime Minister Silvio Berlusconi had promised to quit if lawmakers backed a mix of spending cuts and tax rises. He is expected to hand in his resignation to the Italian president, Giorgio Napolitano, later on Saturday. ... http://www.euronews.net/