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THE POLITICAL BRIEF

France's Macron likens divisions within EU to 'civil war'

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ENCORE!

Sting and Shaggy on making musical magic together

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FOCUS

The citizens finding solutions to Lebanon's chronic waste crisis

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THE INTERVIEW

Head of UN entity probing war crimes in Syria speaks to FRANCE 24

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PEOPLE & PROFIT

The future of work: How the gig economy is changing the jobs market

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PERSPECTIVE

'France has underinvested in early childhood education for many years'

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IN THE PRESS

'Badass': Accolades pour in for Southwest pilot who landed plane after engine failure

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IN THE PRESS

Emmanuel Macron in Berlin: Will Europe's superhero succeed?

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EYE ON AFRICA

Violence in DR Congo's Ituri Province forces thousands to live in camps

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Europe

Italian government backs €24 billion austerity package

Text by News Wires

Latest update : 2010-05-25

The government of Prime Minister Silvio Berlusconi (pictured) has approved a legal decree enforcing budget cuts worth 24 billion euros in a bid to reduce the public deficit from last year's 5.3% of gross domestic product to 2.7% in 2012.

AFP- The Italian government approved Tuesday austerity measures worth 24 billion euros for 2011-2012 aimed at stabilising the public finances, a government source told AFP.
   
"The legal decree has been approved," the source said at the end of a cabinet meeting, adding that the measures, made up of spending cuts and revenue increases, amounted to a total 24 billion euros (25.9 billion dollars).
   
The measures are supposed to help the government cut the public deficit from 5.3 percent of gross domestic product in 2009 to 2.7 percent in 2012, bringing Italy into line with an EU limit of three percent.
 

Date created : 2010-05-25

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