Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Italy to adopt economic package

Feb 07 2011 16:10 AFP

Related Articles

Spain passes crucial debt test

Europe debates euro crisis fund boost

Fashion king Valentino in tax inquiry

EU must decide on new measures 'urgently'

Rich countries' woes in Davos spotlight

Double-dip recession may hit Europe

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print

Milan - Prime Minister Silvio Berlusconi's cabinet will meet on Wednesday to adopt measures aimed at boosting economic growth as Italy battles with high debt and youth unemployment, a government source said.

The gathering of the Council of Ministers has been back a day to ensure Finance Minister Giulio Tremonti can attend, sources said.

As critics rounded on Berlusconi for spending his time at parties with young models rather than focusing on Italy's problems, the prime minister announced plans last week to whip the economy into shape.

Berlusconi said he hoped to boost growth up to an annual 3% or 4% within five years - compared to the current 1% - in order to cut public debt of almost 120% of GDP (Gross Domestic Product).

His plans include tax breaks for businesses and young people. Italy's jobless rate among 15-24 year olds hit a seven-year high of 29% in December.

Finance Minister Giulio Tremonti - regarded as a potential premier should Berlusconi fall - has given the nod for the measures as long as they do not worsen Italy's debt.

Berlusconi offered last week to make a deal with Italy's main opposition party to tackle the country's economy, but the pact was dismissed as an attempt to draw attention away from the scandal surrounding his private life.

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...