Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Trump's visit to Israel in key images

Read more

ENCORE!

Naomi Campbell hosts 'Fashion For Relief' in Cannes

Read more

THE DEBATE

Peacemaker? After Saudi Arabia Trump visits Israel

Read more

ENCORE!

Cannes 2017: Nicole Kidman stars in 'The Killing of a Sacred Deer'

Read more

TALKING EUROPE

Green MEP Eva Joly: 'Nuclear energy is a technology from the past'

Read more

FOCUS

'Healing viruses' offer hope in fight against 'superbugs'

Read more

TALKING EUROPE

EU health check: Should the EU increase cross-border care?

Read more

THE INTERVIEW

France's new president: Can Macron keep spirit of hope alive?

Read more

WOMEN IN SCIENCE

Lebanese prodigy Niveen Khabshab revolutionises cancer treatment

Read more

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

  • SPAIN

    Zapatero unveils fresh budget cuts

    Read more

  • FRANCE

    'No austerity plan', Sarkozy tells unions

    Read more

COMMENT(S)