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On April 29, Italy’s new coalition government, headed by Enrico Letta (Democratic Party), was approved by the lower house of the parliament with 453 votes against 153 and is also expected to receive approval from the senate on April 30.
In his speech to MPs, Letta revealed some of the basic points of his program: cutting labour costs and reducing the housing tax (IMU), as requested by his coalition partners in the People of Freedom party, as well as abolishing public funding to parties. He gave himself 18 months to start the reforms.
After the senate vote, Letta will embark on a series of diplomatic visits to Brussels, Berlin and Paris in hopes of reassuring Italy’s European partners, but also to request a looser interpretation of the stability pact for his country.
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