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12/23/11

Italy’s austerity budget gets final approval

Italy’s Senate passed a vote of confidence in the government of Prime Minister Mario Monti on Thursday that put the final seal on an emergency austerity budget rushed through to restore market confidence in the euro zone’s third biggest economy.

The upper house voted 257 to 41 for the government, following a similar easy win in the lower house last week.

For more: Italy’s austerity budget gets final approval - The Globe and Mail

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