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Monday, September 19, 2011

Italy: 'National spending cuts to 'pressure local governments'

from adnkronos........

"Prime Minister Silvio Berlusconi won final parliamentary approval on Sept. 14 for a 54 billion-euro austerity package that aims to cut costs and increase taxes in an attempt to stem Italy’s surging borrowing costs.
More than 1,000 mayors of towns and cities protested in Milan last month against the package, which includes cuts to regional and local governments of 4.2 billion euros in 2012 and 3.2 billion euros in 2013"............READ MORE

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