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Italy’s Senate approves austerity plans
Posted By kurtnimmo On November 11, 2011 @ 7:31 am In Global Crisis,Tile | Comments Disabled
November 11, 2011
The Italian Senate passed a series of austerity measures Friday demanded by Europe, as it seeks to ward off fears of a debt-driven crisis.
The package was approved by 156 votes in favor to 12 against, with one abstention. It only had to be passed by those of the 320 senators who were present for the vote.
The lower house, the Chamber of Deputies, is expected to discuss the measures and vote Saturday.
Prime Minister Silvio Berlusconi is expected to step down after the austerity measures are adopted by both houses.
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