Italy to cut deficit by 45 bln euros by 2013

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euronews (in English)
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Italy will tonight adopt emergency budget cuts to reduce its massive public deficit. The move follows a meeting between Prime Minister Silvio Berlusconi and local government officials. The cabinet will introduce austerity measures next year worth 20 billion euros and then another round worth some 25 billion the year after to bring the budget into balance by 2013. ... http://www.euronews.net/

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