Thursday, March 29, 2012

Italy's Monti faces confidence vote on austerity

photoROME (Reuters) - Italy's government faces a confidence vote in parliament on Friday, called to speed up approval of a 33-billion euro ($43 billion) austerity package intended to restore financial market confidence in the euro zone's third largest economy. Prime Minister Mario Monti's cabinet of unelected technocrats has the support of an overwhelming majority of members in both houses of parliament. This means Friday's vote in the lower Chamber of Deputies, expected to be held sometime around 1230 GMT, should pass easily. ...


No comments: