Ital­ian aus­ter­ity.

Kathimerini English - - Business -

Prime Min­is­ter Sil­vio Ber­lus­coni was meet­ing coali­tion al­lies yes­ter­day to push through an un­pop­u­lar 40 bil­lion euro ($56.7 bil­lion) aus­ter­ity plan, his big­gest test since suf­fer­ing two ma­jor po­lit­i­cal de­feats. The bud­get, seen by econ­o­mists as vi­tal to avoid con­ta­gion from Greece’s debt cri­sis, has height­ened ten­sion within Ber­lus­coni’s frag­ile cen­ter-right coali­tion, with his North­ern League al­lies de­mand­ing tax cuts to in­crease pub­lic sup­port. (Reuters)

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