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Austerity measures win final approval in Italy's parliament
Published in Saudi Press Agency on 28 - 07 - 2010


Italy's lower house of parliament, the Chamber of
Deputies, Wednesday gave final approval to the conservative
government's 25-billion-euro (32.4-billion-dollar) austerity package.
The measure passed with 329 votes for and 275 against, dpa reported.
As in the upper house Senate, which approved the measure last
week, Prime Minister Silvio Berlusconi's governing coalition resorted
to a confidence vote to ensure that the budget cuts, unpopular also
among many conservatives, would pass the parliamentary test.
Defeat in a vote of confidence, would have forced the government
to resign.
Since taking office in May 2008, billionaire-turned-politician
Berlusconi has relied on more than 30 votes of confidence to
steamroll legislation through parliament.
Regional authorities have been particularly vocal in their
condemnation of the cuts which Economy Minister Giulio Tremonti has
said are essential to keep public spending in check.
Observers have pointed out that given Italy's relatively contained
budget deficit - 5.3 per cent of gross domestic product (GDP) at the
end of 2009 - the proposed cuts for 2011-12 are not as drastic as
those implemented by Greece, Ireland or Spain.
But they say Tremonti was prompted to act due to concern that
Italy could struggle to maintain payments on its debt which is
projected by some economists to rise to 120 per cent of GDP by the
end of 2011.


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