Union-backed protest over Italy budget reform
Автор: AP Archive
Загружено: 2019-02-14
Просмотров: 183
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(9 Feb 2019) Thousands of demonstrators gathered in Rome to protest against a budget reform that was approved by the Italian Lower Chamber and Senate in December 2018.
The demonstration was organised by three Italian trade unions, bringing people from all over the country to the capital city.
The populist government had tied support for the budget to a confidence vote end of 2018 to assure the spending package's quick passage to avoid European Union sanctions for excessive debt.
The budget covers the cost of a providing basic income for job-seekers and rolling back unpopular pension reforms.
Critics say it lacks investment incentives to revive Italy's sluggish economy.
The European Commission nixed the budget Italy first submitted.
Italy's new bill reduced the nation's deficit of 2.4 percent of GDP, which the EU had deemed unacceptable, to 2.04 percent.
Some of this was done through introducing new taxes, reined-in pension increases and state property sales.
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