Italian Austerity Measures Welcomed

Summary


THE approval of austerity measures by the Italian parliament - sparking the resignation of Silvio Berlusconi - was hailed as a "welcome step" towards resolving the eurozone debt crisis by the Treasury.

Mr Berlusconi stepped down once the package was rushed through to make way for a technocratic interim administration as Rome seeks to ease away from the economic brink and calm volatile markets.

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Extract


Italian Austerity Measures Welcomed

Although MPs had risen to applaud him as he left the chamber of deputies following the vote, ...

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