Arab Today, arab today italy\s new measures to ease austerity pain
Last Updated : GMT 14:48:54
Arab Today, arab today
Arab Today, arab today

Italy\'s new measures to ease austerity pain

Arab Today, arab today

Arab Today, arab today Italy\'s new measures to ease austerity pain

Rome - AFP

Italy\'s cabinet on Saturday approved emergency measures aimed at boosting growth and relieving pressure on struggling Italians, from reducing bills and red tape to increasing credit for businesses. \"There are many measures in the \'To Do\' law,\" said Prime Minister Mario Monti at a press conference, referring to the name given to the new decree which is expected to create 30 thousand new jobs in infrastructure alone. \"Many of them give Italians the possibility to carry out operations necessary to relaunch the country\'s economy,\" such as investing in machinery or taking on new workers in a move aimed at tackling high unemployment as well, he said. The eurozone\'s third largest economy did worse than thought in the first quarter of this year, shrinking by 0.6 percent instead of by the 0.5 percent estimated previously, and the unemployment rate in April rose to 12 percent. Italy\'s youth jobless rate has spiralled and now stands at 40.5 percent. Letta was quick to stress the new coalition government\'s unity in approving the measures -- despite tensions in recent days over some of the more contentious proposals. The decree allocates three billion euros ($4 billion) for public works projects this year, of which some 600 million euros will be invested in national rail. Among measures aimed at easing the pressure of austerity programmes imposed in 2011 to ward off the eurozone debt crisis, energy bills will be reduced by 550 million euros -- in part by cutting tax. In an effort to protect homeowners, those who owe less than 120 thousand euros will not have their homes repossessed -- unless they own more than one. \"To better relations between citizens and the state\", the loathed national tax agency Equitalia will fight evasion \"without a punitive attitude\", becoming \"a tax friend, particularly to those in difficulty,\" Interior Minister Angelo Alfano said. Some 100 million euros have been earmarked for the upkeep of the country\'s school buildings, many of which are in dire need of repairs, in \"an important signal to reassure families,\" Education Minister Chiara Carrozza said. The decree law also includes measures to reduce red tape, in particular by making it easier for immigrants to obtain Italian citizenship. Parliament now has 60 days to convert the decree into law, though the measures enter into force immediately. Letta said the government would introduce further measures to ease hiring rules and fight youth joblessness next week.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy\s new measures to ease austerity pain Arab Today, arab today italy\s new measures to ease austerity pain

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy\s new measures to ease austerity pain Arab Today, arab today italy\s new measures to ease austerity pain

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday