Italy Oks Austerity Measures

Summary


MILAN - Premier Mario Monti said Sunday his government of technocrats has approved a package of austerity and growth measures worth $40.53 billion to "reawaken" the Italian economy and help save the euro common currency from collapse.

The measures include immediate cuts to the costs of maintaining Italy's bulky political class as well as significant measures to fight tax evasion, Monti told a news conference.

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Italy Oks Austerity Measures

As part of the political c...

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