Italian government approves austerity measures
Premier Mario Monti said Sunday his government of technocrats has approved a package of austerity and growth measures worth €30 billion ($40.53 billion) to "reawaken" the Italian economy and help save the euro common currency from collapse.
The measures include immediate cuts to the costs of maintaining Italy's bulky political class as well as significant measures to fight tax evasion, Monti told a news conference following a three-hour Cabinet meeting. (AP)
