05202012Headline:

New Italian Premier Wins Overwhelming New Italian premier wins overwhelming vote of Confidenceote of confidence

The new minister of Italy, Prime won an overwhelming vote of confidence from the Senate Thursday night, hours after the presentation of their project to take the country out of financial crisis.

Mario Monti, who took office on Wednesday, said the main points of your program is a balanced budget, foster growth and reduce social disparities.

He also said that the reform of the Italian pension system, combating tax evasion and the defeat of organized crime are the main steps.

Italian Senate voted 281-25 to support the nascent government.

“What we’re trying to achieve, my fellow senators, and I urge you to support it is very difficult. Otherwise, I guess it would not be here today,” Monti said lawmakers in the comments that were broadcast on Italian television. “Margins of success are reduced after years of battle in the national policy. … If we know how to start a constructive dialogue that will be able to save the country and restore the credibility of its institutions.”

Monti also said that his government is studying measures to raise revenue, including the regulation of real estate and property tax.

“We have to deal with the crisis,” he said, and stressed that the Italian real estate tax is considerably lower than elsewhere.

As politicians debated parts of the renewal of the Italian financial system, hundreds of students demonstrated in Rome and Milan, where the protesters, saying he did not want to pay the debt problems they represent.

The new prime minister, replacing the flamboyant Berlusconi, said he also served as finance minister until someone is appointed to the post.

Mountains, faces a difficult task. Italy is one of the highest public debt in Europe € 1900000000000 (almost 2,600 billion) – about 120% of GDP – and has seen slow growth in recent years.

68-year-old former European Union commissioner received the support of Berlusconi’s political party, and the largest leftist party in Italy on Tuesday.

He suggested Monday that his government can not last much longer than a year before the elections scheduled for early 2013. And at any time, Parliament may dissolve his government “because of lack of confidence,” he said.

And ‘”obvious” that the activity is an emergency situation, and that to achieve economic growth and social equity, “it would be important,” said Monti.

Berlusconi resigned on Saturday night, prompting cheers, flag waving and singing in honor outside his office and ends the era of Italian politics. After 18 years in and out of the office, poured the difficulty in pushing through budget cuts.

Former Prime Minister should give his first speech to the legislature in the House of Commons on Friday, according to Italian media.

His people to freedom of the party remains the strongest force in parliament, and Berlusconi has said he intends to stick to it.

Berlusconi is the second Prime Minister to resign this month after the debt crisis sweeping across Europe. Last week, Greece, George Papandreou was replaced by Lucas Papademos, a former official of the European Central Bank.

Source: http://edition.cnn.com/2011/11/17/world/europe/italy-government/index.html?hpt=wo_c2

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