Italian government approves new measures

Italian government approves new measures
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Summary Italy's government has approved austerity measures aimed at helping save euro from collapse.

Premier Mario Monti announced approval of the measures Sunday evening following a three-hour Cabinet meeting. He says the goal is to reawaken the Italian economy.Monti said the measures include political cost cuts and measures to fight tax evasion.Monti will outline the measures on Monday to Parliament, which must approve them.The premier spent the weekend briefing political parties, unions, business groups, consumer lobbies and others.

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