ITALY CONFIDENCE VOTE

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STORY: ITALY CONFIDENCE VOTEDATELINE: Nov. 18, 2011LENGTH: 0:02:26LOCATION: Brussels PKGINTROItaly's newly appointed Prime Minister Mario Monti has easily won a vote of confidence in the Senate.It is the first test of Monti's new government of technocrats, which is tasked with sorting out the country's tattered public finances and shoring up market confidence.World News reports.PKGThe Senate on Thursday backed the new cabinet with a solid majority of 281votes in favor and 25 in opposition.The vote in the lower house of parliament is scheduled for Friday, which Monti is also expected to win comfortably.In his 50-minute debut address to the Senate as the new Italian premier, Monti described three pillars of his strategy: Budge rigor, economic growth and equity.The new Italian premier says that his cabinet will first implement the austerity measures aimed at balancing the budget in 2013. Additional reforms may include reorganizing the tax system, raising the retirement age, cutting the g
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Producer : Xinhua News Agency

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