Italy joins euro austerity drive - Democratic Underground

dipsydoodle

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Tue May-25-10 06:49 PM
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Italy joins euro austerity drive

Source: BBC News

The Italian government has approved austerity measures worth 24 billion euros (£20bn; $29bn) for the years 2011-2012.

The announcement makes Italy the latest eurozone country to announce cuts in an effort to reduce the gap between spending and earnings.

The UK and Danish governments also this week announced plans to curb spending.

Italy will take measures to reduce public sector pay and will put a freeze on new recruitment.

Read more: http://news.bbc.co.uk/1/hi/business/10157432.stm

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unkachuck

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Tue May-25-10 10:12 PM
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1. as long as they....

....don't financially interfere with RAIs Giro d'Italia coverage I'll be happy....on second thought, instead of 'measures to reduce public sector pay' first start with a national corporate surtax and a new corporate windfall profits tax (anything over 8%)....

....the capitalists created this mess, let them clean it up....

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