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Italian, Spanish Workers Protest Austerity Measures

Posted September 6th, 2011 at 7:20 pm (UTC-5)
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Workers unions in Spain and Italy organized mass protests Tuesday against tough government measures to overcome their debt crises. In Spain, thousand of anti-government protesters gathered in the capital, Madrid, and other cities, demonstrating against budget cuts and a proposed constitutional reform to cap government spending. Critics say the government plans threaten social programs. Spain’s […]

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Italian Workers Stage General Strike Amid Austerity Debate

Posted September 6th, 2011 at 12:30 pm (UTC-5)
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The Italian government has announced it is considering authorizing a vote of confidence in its revised austerity package, aimed at reducing the country’s budget deficit and preventing a financial collapse, as workers across the country walked off their jobs. Coalition leaders met Tuesday to discuss possible changes to the austerity plan. Prime Minister Silvio Berlusconi […]

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Italian Workers Stage General Strike Amid Austerity Debate

Posted September 6th, 2011 at 6:30 am (UTC-5)
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Millions of workers across Italy walked off their jobs Tuesday to protest the government’s massive austerity package. The eight-hour general strike called by the CGIL, Italy’s largest union, is expected to disrupt most forms of transportation and manufacturing across the country. The strike is taking place as the Italian parliament begins debate on a $65 […]

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Italy Revamps Austerity Plan for a Third Time

Posted August 30th, 2011 at 2:55 am (UTC-5)
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Italian Prime Minister Silvio Berlusconi has agreed to revamp the current $65 billion austerity plan. This is the third attempt in the last several weeks to balance the Italian budget. The new plan announced Monday includes a crackdown on avoiding property taxes, and delays retirement for some Italians. Few details were announced on how the […]

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Italian Parliament Approves Austerity Measures

Posted July 15th, 2011 at 5:35 pm (UTC-5)
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The Italian parliament has given final approval to sharp budget cuts aimed at calming fears that Europe’s third largest economy could be consumed by the continent’s debt crisis. The parliament’s lower house, the Chamber of Deputies, voted 316 to 284 on Friday in favor of a four-year austerity plan worth at least $68 billion. The […]

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Italian Parliament Approves Austerity Measures

Posted July 15th, 2011 at 12:40 pm (UTC-5)
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The Italian parliament has given final approval to sharp budget cuts aimed at calming fears that Europe’s third largest economy could be consumed by the continent’s debt crisis. The parliament’s lower house, the Chamber of Deputies, voted 316 to 284 on Friday in favor of a four-year austerity plan worth at least $68 billion. The […]

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Italian Senate Approves Austerity Measures

Posted July 14th, 2011 at 11:50 am (UTC-5)
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Italy’s upper house of parliament has approved sharp budget cuts in a vote aimed at calming fears that Europe’s third largest economy could be consumed by the continent’s debt crisis. The Senate voted 161 to 135 on Thursday in favor of the four-year austerity plan worth at least $67 billion. Parliament’s lower house is expected […]

Italian Senate Approves Austerity Measures

Posted July 14th, 2011 at 11:10 am (UTC-5)
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Italy’s upper house of parliament has approved sharp budget cuts in a vote aimed at calming fears that Europe’s third largest economy could be consumed by the continent’s debt crisis. The Senate voted 161 to 135 on Thursday in favor of the four-year austerity plan worth at least $67 billion. Parliament’s lower house is expected […]

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Italian Senate Expected to Pass Austerity Measures

Posted July 14th, 2011 at 7:25 am (UTC-5)
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Italy’s upper house of parliament is set to approve drastic budget cuts on Thursday aimed at calming market fears about the sustainability of the country’s public debt. The four-year austerity plan, worth at least $57 billion, is expected to be passed by the Italian Senate on Thursday and by the lower house on Friday. The […]

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Greek Parliament Approves Details of Austerity Plan

Posted June 30th, 2011 at 2:30 pm (UTC-5)
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The Greek parliament has approved the details of its new austerity plan, clearing the way for release of more international aid for the debt-ridden government. Lawmakers in Athens on Thursday voted for the specific measures proposed by Prime Minister George Papandreou in his $40 billion plan to raise taxes, cut spending and sell state-owned assets. […]

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