Italian Stock Exchange

/ 70,000 will be after 2013, leaving the bulk of the savings to the next legislature. Government and opposition have been processed emergency setting. The plan focuses on cuts to pensions, the delay in retirement age and the reduction of tax benefits. The Italian Parliament has finally adopted this Friday the plan of budgetary adjustment by 79,000 million euros for the period of 2011-2014 with which the Executive of Silvio Berlusconi seeks to achieve a balance in the accounts. The Prime Minister has re-emerged in the public scene after being away since last Friday will start falls from the Italian Stock Exchange, and the meteoric rise of the Italian differential with the German bond. These economic turbulence managed Government and opposition to put in something agree to accelerate the parliamentary handling of the plan. The intention is that the markets open on Monday already approved measures.

The Italian alta-el Senate – Chamber approved Thursday the plan, which focuses its eagerness to savings and fund-raising for the public coffers in the cuts to pensions, the delay to the retirement age and reducing tax benefits by Affairs as having dependent children. The plan, which aims to achieve a balance in the public accounts in 2014, consists of four phases of cuts: 3 billion euros for 2011, 6 billion euros by 2012, and 25,000 and 45,000 million euros for 2013 and 2014, respectively, which leaves the greatest weight savings for the next legislature. In the municipal elections of may in Milan, birthplace of the berlusconismo and his Northern League ally, won nearly 11 points Giuliano Pisapia centreleft. Candidates from Berlusconi also fell in the rest of great places like Naples, Cagliari, Trieste or Novara. The next general elections are in 2013. Silvio Berlusconi has already announced that it would not submit. Source of the news: Italy approves the plan of adjustment of 79,000 million euros for the period 2011-2014