Menu
Finance
Cutting These 10 Everyday Expenses in 2014 Will Save You $8,844
How to Perfectly Plan Your Divorce to Protect Your Assets
PNC Bank Review – Overview of PNC Bank Accounts, Loans and More
Here’s Why Bank of America Just Closed Your Credit Card Without Telling You
2014 Academy Award Statue Valued at Just Under $400
Why You Could Start Seeing Your Credit Score on Your Credit Card Bills
How to Host Your Academy Awards Viewing Party on a Budget
Warren Buffett Reveals His No. 1 Investment Strategy That Anyone Can Follow
Your ATM’s OS is a Decade Old: Here’s Why Banks Are Scrambling to Update It
What You Need to Know About Obama’s $3.9 Trillion 2015 Budget
Discover What a Discover Bank Online Savings Account Can Do For You
4 Tips to Cut Your Monthly Bank Fees
Here’s Why One Analyst Says Bank Stocks Are Going to Double
How Ben Bernanke Earned $250,000 in 40 Minutes
Visa and MasterCard Join Forces to Protect Your Card from Hackers
Italy PM Enrico Letta says growth policies a priority
Italy's new prime minister has said growth policies must be urgently adopted to counter an austerity drive under which the country was "dying".

In his first address to parliament, Enrico Letta vowed results in turning the recession-hit economy around within 18 months, or "face the consequences".

He said he would reform electoral law and welfare provision, cut MPs' pay and suspend an unpopular property tax.

His new "grand coalition" won a confidence vote later on Monday.

The lower house of parliament, the Chamber of Deputies, approved the new government by a vote of 453 to 153.

The coalition will face a second confidence vote in the Senate on Tuesday.

The broad cross-party alliance, which also includes Silvio Berlusconi's People of Freedom party (PDL), was formed after two months of political deadlock following an inconclusive election.

The third strongest force to emerge from the poll, the Five Star Movement led by former comedian, Beppe Grillo, has refused to take part in a coalition.

In his inaugural speech, Mr Letta said he would travel to Berlin and other major European capitals this week to lobby EU partners to switch to more growth-orientated policies.

"Italy is dying from austerity alone," he said. "Growth policies cannot wait."

Mr Letta, who has made reversing Europe's austerity policy one of his central aims, said the EU was suffering "a crisis of legitimacy" and had to return to being "a motor of economic growth".

The first act of government, he said, would be to lead by example by cutting the salaries of ministers who receive a second income for being members of parliament.

He also said the scheduled June instalment of a widely resented property tax would be halted and a reform of the tax discussed.

A spokesman for the PDL said the move was "music to our ears" - the repeal of the tax was a major campaigning platform for Mr Berlusconi's party.

Meanwhile, a police officer remains seriously ill after being shot in the neck on Sunday close to the building where the new parliament was being sworn in.

Doctors said Giuseppe Giangrande, 50, suffered damage to his spinal cord after being shot in front of the premier's office in central Rome.

Mr Giangrande remains under sedation in hospital and is on a ventilator. Neurosurgeons were expected to carry out a medical assessment later on Monday.

A second officer was shot in the leg and remains in hospital.

Police say unemployed Luigi Preiti confessed to carrying out the attack, angry at the loss of his job and the breakdown of his marriage.

Menu
Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax Exemption
3 Ways to Fix Your Finances in One Hour for Daylight Saving Time
IRS Reports This Year’s Average Tax Refund is $3,034
How to Start Saving Money for Your Baby’s College Education
How to Find Free Tax Preparation in Your City
IRS Wants to Pay You $25,000 for Saving Your Tax Return
5 Secrets Your Bank Doesn’t Want You to Know
How to Handle the 5 Most Awkward Money Situations
4 Tips to Cut Your Monthly Phone and Cable Bills
Stop Wasting Money Because You Won’t Admit You’re Old
Amazon Prime Price Hike: Is It Worth It?
10 Tips for Winning Your March Madness Bracket and Some Extra Cash
I Lost My W-2! What Should I Do?
4 Cheap, Fun Ways to Celebrate St. Patrick’s Day
What Four Leaf Clovers and Interest Rates Today Have in Common
Name
Name

Password