Italy's extra 64-bln-USD austerity program approved
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Xinhua, August 13, 2011
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| Italian Prime Minister Silvio Berlusconi (R) and Minister of Economy and Finance Giulio Tremonti attend a press conference after a cabinet meeting on financial situation in Rome, Italy, Aug. 12, 2011. The Italian cabinet approved a 45.5 billion euro (about 64.8 billion U.S. dollars) austerity program Friday evening for the upcoming two years in a bid to meet budgetary requirements by the European Central Bank (ECB) and reassure markets. [Xinhua/Wang Qingqin] |
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