Italy set to deliver tough austerity measures

ROME, Aug 12 (Reuters) - The Italian government will pass a sweeping package of cuts and tax increases at a cabinet meeting on Friday as it scrambles to meet European Central Bank demands for action to shore up confidence in its public finances. After days of criticism for a lack of clarity over how ...

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• austerity measures


In order to avoid a bailout, the Italian senate is set to vote on austerity measures, which proposes cuts of €48 billion (£42 billion) over the next three years.

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