The Italian senate will vote in approximately half an hour from now on a widely criticised austertiy package. The package, aimed at calming down nervous financial markets include a higher VAT, an extension of the retirement age for women and a tax on high earnings.
Despite urgent calls from European leaders and comments made by the president of the ECB, Jean-Claude Trichet, the right-centered government also faces stiff opposition from home as union leaders have called for massive strikes and ten thousands of workers already hit the streets on recent days.
Read more on
http://uk.reuters.com/article/2011/09/07/uk-italy-austerity-idUKTRE7861X120110907
No comments:
Post a Comment