Rome Italy one deleted € 70 billion ($ 99 billion)Friday's calm nervous investors austerity package, which will not give third-largest economy of the euro zone to the debt crisis.
Berlusconi's Government fast track approval of the package measures - initially set for nor this summer - and increases its scope, after markets this week on worry about the financial stability of the country fell.
Be sure the debt crisis survive Italy's future Europe hopes because the country would be far too expensive to bail out.
Austerity measures by a vote of 314-280 hours after premier Silvio Berlusconi's Government vote of confidence passed the lower House of Parliament survives. The package was approved by the Senate on Thursday.
"Italy is more after the approval of these measures also remain unknown factors of the economic crisis," Berlusconi was quoted by the LaPresse news agency. He pledged economic reforms over the next two years, and urged the opposition to work with the Government, to reach them.
The measures were approved, as five Italian banks announced that she successfully was European stress tests. Both movements came after the markets closed, so that their impact on the markets can be measured only next week.
In the midst of uncertainty, traders in the run-up to the vote had been careful. The Milan Stock Exchange benchmark FTSE MIB closed 1 percent to 18,450.45, and spreads on Italian 10-year bonds to the German Federal Government touches 300 points - in the vicinity of a record - on Friday.
"The measures are needed," said Stefano Folli, a leading political commentator, the associated press. "they are not sufficient, because Italy needs to structurally reform."
The fact that bond spreads remained high on Friday showed that the markets were still not completely safe and waiting for more of the Government, he said.
"It is very fast to put together a concise and radical programme of reform necessary,." "This is what the Government to focus, if it is enabled and must not be a different government it must do."
Mr Berlusconi, who withdraw remains under pressure from the opposition, was criticized for the fact that the eyes of the public in a time of crisis. It was his first public appearance Friday for the vote of confidence, but in about a week.
"I have not absent or missing," Berlusconi said, according to the ANSA news agency. "However, I have read all the documents the last few days, I have probably worked for the Italian."
Opposition legislators maintain the Government is too weak and divided, to handle the financial crisis, and should just give up.
"When Italy was the target of attacks of the markets, is it because this Government policy have no credibility", said rosy Bindi, the President of the strongest power of the opposition, the Democratic Party.
Market fears grew this week, that the financial crisis marked could spread engulfing Greece, Ireland and Portugal after Italy, a country of high debt and low growth and much too expensive for Europe to the rescue.
Italy's debt is among the highest in the euro area at nearly 120 percent of GDP, but poor growth is seen by many as the overriding issue.
The austerity package attempts to balance the budget by 2014 and contains 16 measures to growth, according to Tremonti, to promote, it led.
It includes increases in the health fees, cuts to tax breaks and high fixed interest, increases in the retirement age and public salary freezes. The Government looks the crisis also in privatization of State-owned enterprises such as the State Railways and postal services, as soon as it makes it easier.
Despite his criticism of the measures amendments - a common practice with budget laws stop the opposition presented delaying tactics. But opposition leader Pier Luigi Bersani promised to do away with the increase in health care fees, and replace it with another measure
"The classist are measures which produce a hit, not reforms and nothing for growth, the poorest and most vulnerable people shamelessly" Bersani said.
Under the criticism of the measures is that the political cost cuts are reloaded by 2013-2014, after Berlusconi current term ends. To increase their impact, the Senate during this period reduced - place the burden on individuals tax breaks.
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