Italian austerity budget approved by upper house

The Italian austerity budget worth nearly €48bn has overcome its first parliamentary hurdle.

Italian austerity budget approved by upper house
Thu, 14 Jul, 2011 - 16:28

The Italian austerity budget worth nearly €48bn has overcome its first parliamentary hurdle.

The four-year package, which is aimed at balancing the budget by 2014, has been approved by the Italian Senate.

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