|
Post by bot on Nov 11, 2011 20:44:42 GMT -5
Italy Senate approves 2012 budget law: reports from MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- Italy's Senate on Friday approved a budget law that includes new austerity measures, clearing the way for the parliament's lower chamber to pass the legislation on Saturday, news reports said. The bill is widely expected to win final approval Saturday, clearing the way for embattled Prime Minister Silvio Berlusconi to resign, analysts said. Financial markets have rebounded from a rout earlier in the week on expectations a technocratic government led by economist and former European Union commissioner Mario Monti will replace the outgoing government and will move to implement the austerity plan and measures aimed at freeing up the nation's labor markets and other aspects of the economy.
|
|