Arab Today, arab today italy\s largest union threatens strike
Last Updated : GMT 02:58:09
Arab Today, arab today
Arab Today, arab today

Italy\'s largest union threatens strike

Arab Today, arab today

Arab Today, arab today Italy\'s largest union threatens strike

Rome - Arabstoday

The leader of Italy\'s largest union is threatening a general strike against an austerity package that Premier Silvio Berlusconi\'s government hastily pushed through to balance the budget by 2013 and avoid financial collapse. The threat came amid mounting criticism yesterday of the €45.5 billion (Dh238 billion) package passed Friday in response to demands by the European Central Bank. Critics say the package — a mix of spending cuts, job cuts and tax increases, including a \"solidarity tax\" for high-earners — will strangle Italy\'s stagnant economy, which is now expected to grow by only about one per cent this year. Other critics, including nine members of Berlusconi\'s own coalition, say it unfairly targets the middle class and fails to tackle Italy\'s massive tax evasion problem. Article continues below Susanna Camusso, leader of the CGIL labour union, criticised measures aimed at liberalising Italy\'s labour market and targeting its pension system, saying a strike is the only way to \"change the inequity of this package.\" She told the La Repubblica newspaper that union officials will meet August 23 to set a strike date and invited other unions to join. At least one other union, CISL, said it will not take part in the protest, although it said the package needed to be improved. The new measures include €20 billion (Dh104 billion) in cuts and tax hikes for 2012 and €25.5 billion (Dh1,333 billion) for 2013. They abolish some local government layers and gradually eliminate some 50,000 elected jobs — leading to fierce protests by local officials. Citizens face a five per cent additional tax on income above €90,000 (Dh471,012) and a ten per cent additional tax on income above €150,000 (Dh785,021) for the next three years. Eurobonds Both Berlusconi and his finance minister, Giulio Tremonti, have defended the government\'s actions. Tremonti insisted the debt crisis could not have been predicted but said it could have been avoided with the creation of Eurobonds, a new joint bond backed by all 17 countries using the euro. \"We wouldn\'t have gotten here if we had had Eurobonds,\" Tremonti told reporters, calling for more \"integration and consolidation of public finances in Europe.\" Germany, the strongest economy in the eurozone, has rejected the Eurobond idea. Berlusconi called Italy\'s new austerity measures fair and said they had won praise from the European Central Bank and leaders including German Chancellor Angela Merkel.  

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 largest union threatens strike Arab Today, arab today italy\s largest union threatens strike

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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