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    Italian parliament backs austerity measures

    euronews (in English)

    by euronews (in English)

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    Italy's lower house of parliament on Saturday approved a package of economic reforms designed to restore confidence in Italy's strained finances. Prime Minister Silvio Berlusconi had promised to quit if lawmakers backed a mix of spending cuts and tax rises. He is expected to hand in his resignation to the Italian president, Giorgio Napolitano, later on Saturday. ...