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Monday, December 5, 2011

Italy's Steep Austerity Measures

Both Houses of Italy's Parliament are expected to vote today on a $30b austerity package hoping to bring needed relief to Italy's growing economic worries. The new measure expects to include tax increases for citizens and businesses and pension reform as well as other numerous cutbacks. If passed, the passage will result in changes to the retirement age for men and women to 66 years of age by 2018. 

Ciao e a presto,