Italy's Renzi wins confidence vote on cost-cutting bill

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AFP Rome
Last Updated : Mar 27 2014 | 1:45 AM IST
Italy's Prime Minister Matteo Renzi won a confidence vote today called to force the Senate to push through a cost-cutting bill aimed at wiping out the country's provincial governments.
The upper house of parliament voted in favour of Renzi's latest attempt to cut out waste and revive the eurozone's third largest economy.
The premier, who came to power last month, had rushed the vote in an attempt to uphold a promise to the Italians to implement a series of fast-paced reforms.
The 39-year-old, whose centre-left and right coalition only boasts a small majority in the upper house, won comfortably with 160 senators voting in favour of the bill compared to 133 against.
Eliminating the provincial governments is "a question of reducing costs" which "should revive our fellow citizens' hope and trust" in Rome's ability to reverse the negative effects of a two-year recession, Renzi had said before the vote.
"Reducing political costs is a prerequisite for being able to hand back 80 euros (USD 110) to citizens," he said, referring to a promise that 10 million Italians would see their monthly pay packets boosted by that amount.
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First Published: Mar 27 2014 | 1:45 AM IST

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