Detail Saving Italy; Italy's Budget   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8763 (Dec. 2011), page 52. Topik: Capital Markets; Politics; Deficit Financing; Economic Policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Showing that he is not averse to a bit of PR spin, Italy's new prime minister, Mario Monti, called it his "Save Italy" decree: a package of fiscal adjustments worth EUR 30 billion ($40 billion) over three years. Susanna Camusso, leader of the CGIL, the biggest trade-union federation, retorted that it risked "saving the country and finishing off the population". On December 12th, in a rare show of unity, the CGIL will join two other labour alliances in a strike against the decree. But it will last only three hours, and essential services will be exempt. Italians may not like Mr Monti's emergency budget, which came into force on December 6th and is expected to win parliamentary approval (which it needs to remain in force) by Christmas. Indeed, it has lopped nine points off his approval rating, according to a poll. The initial details cheered the Milan bourse and sent yields on Italian bonds, which had reached worrying levels, plunging. The package will unquestionably put Italy in a stronger position to face the capital markets next year, when it has to refinance more than EUR 300 billion of its EUR 1.9 trillion debt. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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