Reuters, 20/11 14:34 CET
By Steve Scherer
ROME (Reuters) – Italian Prime
Minister Matteo Renzi on Friday won a confidence vote in the Senate on
next year’s budget that scraps a hated tax on primary residences and
slows deficit reduction.
The Senate voted 164 to 116 to approve the government’s
spending package, which now faces approval in the lower house. By law,
the budget must be passed by the end of the year.
Renzi staked the fate of his government on the confidence
vote in order to accelerate the bill’s passage in the Senate, where it
may have to return if it is amended in the Chamber of Deputies.
Renzi has said tax cuts will bolster Italy’s fledgling
recovery. This year the economy, the euro zone’s third biggest, emerged
from a three-year recession, but growth unexpectedly slowed in the third
quarter.
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Source: Euronews
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