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Italy govt wins confidence vote on austerity plan

Italy govt wins confidence vote on austerity plan
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First Published: Wed, Sep 14 2011. 07 34 PM IST
Updated: Wed, Sep 14 2011. 07 34 PM IST
Rome: Prime Minister Silvio Berlusconi’s government won a confidence vote on Wednesday in the lower house of parliament on a 54-billion-euro austerity package aimed at staving off financial crisis in Italy.
The centre-right government, which called the vote to push through the package quickly, won the motion with 316 votes in favour and 302 against.
The much-revised austerity plan aims to balance the budget in 2013 and was drawn up under pressure from the European Central Bank and Italy’s European Union partners.
The lower house now moves to a final vote -- which is largely a formality -- on the package later on Wednesday which turns the austerity measures into law.
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First Published: Wed, Sep 14 2011. 07 34 PM IST