Italy cuts budget by 24b, as eurozone tightens belt

26th May 2010, Comments 0 comments

Italy is the latest member of the eurozone to tighten its belt, announcing 2011-2012 budget cuts of 24 billion Tuesday 25 May. The main area will be cuts in public sector pay and a freeze on new hiring, to bring spending in line with revenues. The government also says it will step up its programmes ...

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