17 Dec 2011

Austerity measures passed

7:48 am on 17 December 2011

Prime Minister Mario Monti of Italy has won a parliamentary confidence vote on the package of crucial austerity measures.

The Chamber of Deputies on Friday approved a package of cuts and reforms worth 33 billion euros by 495 votes to 88.

The BBC reports the package still has to be approved by the Senate.

Mr Monti was appointed in November to tackle huge public debt. Italy is at the heart of the eurozone debt crisis.

Crucial to the government's plans is the package of tax increases, spending cuts and pension reforms aimed at balancing Italy's budget by 2013.