Italy's cabinet passes a mix of budget cuts and tax increases amounting to €45B over the...

|By:, SA News Editor

Italy's cabinet passes a mix of budget cuts and tax increases amounting to €45B over the next 2 years in the hopes of eliminating its budget deficit by 2013. "Our heart is bleeding as we have always maintained that we wouldn't put our hands in the pockets of Italians, but the international situation has deeply changed," says PM Berlusconi.