Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Italy to bolster austerity plan, pass it by Friday

    MILAN (AP) — Italy's finance minister says the government's package of austerity measures will be strengthened and passed in both houses by Friday.

    Giulio Tremonti sought to reassure markets during a speech to a banker's association meeting in Rome that Italy would speed reforms and austerity measures that seek to balance the budget by 2014.

    But he also said that the pressure on markets in recent days was not a problem "of a single country, but of the structure of Europe."

    The acceleration of the austerity measures — initially set for passage by August — has eased pressure on financial markets.

    The Milan stock exchange was trading up 1.4 percent to 18,765 points, while the 10-year yield dropped to 5.45 percent, after touching 6 percent a day earlier.

     

    30 comments

    • germinating  •  10 mths ago
      How strange. Wondering what it means that this same headline has persisted on the yahoo 'magazine cover' through -- it seems like more than 2 Fridays already. That seems to deserve an update in itself!
    • wendy  •  10 mths ago
      italy isn't bogged down by the liberal democrat party of leeches, parisites, and the entitlement group..i'll bet if you moved to italy you would have to learn italian...i'll bet if you were in italy illigally they would make you leave instead of givung you other peoples money and using you for votes.
    • BillD  •  10 mths ago
      Austerity measures= The next big world and American lie that will be thrusted upon the American people by the world elite!!! Do not be fooled!!!
    • Young  •  10 mths ago
      If our government keeps spending and the foreign lenders start to withdraw their reserves from the US treasury, then the dollar will loss the status of world reserve currency. To prevent this happen, we should develop and implement our austerity plan now.
      • Steve 10 mths ago
        Don't look now... but the dollar has already lost it's status... has for some years folks.
    • Truth finder  •  10 mths ago
      I can't wait to see what happens when we have rampant inflation and soaring food prices, then maybe, just maybe we can restore the republic.
    • Are Your Eyes Open  •  10 mths ago
      First Greece, then Italy.......OBUMMER, ARE YOU PAYING ATTENTION????

      HELLO !!!!!!! McFLY !!!!!!!!
    • Average Joe  •  10 mths ago
      Why is it so hard for the US to do stuff like this. At least Italy recognizes you can't spend money you don't have.
    • 2apoel4u  •  10 mths ago
      USA austerity plan:
      .
      -End social security for those under 50 (I'm 49).
      -End medicare.
      -End medicaid.
      -Reduce military to half and bring all americans home.
      -End EPA, OSHA, and federal education department.
      -End all other programs... they are useless.
      .
      before these entittlements and welfare programs people survived just fine...
      .
      pray we make it
    • homeboy  •  10 mths ago
      To 2apoel4u alot of people don't pay 30%. Warren Buffet only pays 17%.
    • Crunchy Dung  •  6 mths ago
      Daniel 11:36-12 A prophecy now partially fulfilled thanks to an "administration" we know. The Egyptians and Libyans will be in submission to him. ("king" who exalts himself)
    • wellfleation  •  10 mths ago
      Don't worry, the middle class will PAY
    • Jason K  •  10 mths ago
      Nick does have a point, while neither is desirable I'd rather get stuck working for the likes of Tony Soprano than Dominique Strauss-Kahn - at least Tony doesn't expect the world to believe he's something other than what he really is.
    • Jason K  •  10 mths ago
      Austerity = accepting the shackles of your new masters, the banking elite.

      You will NEVER get out of debt doing that! Default now - the banks are the cause of the problem, they deserve NO REWARD
      • James 10 mths ago
        You don't understand , bankers are not the problem,YOU are the problem !!!

        What right do you have to leach off of the government with an entitlement mentality. I bet, you are part of the 47% who pay no Federal tax.
    • Phil  •  10 mths ago
      Doh, even Italy is making the US look bad.
    • Sniper  •  10 mths ago
      Who's paying for the riot police?
    • Lancelot  •  10 mths ago
      ahhh The corporate gods are smiling. The middle class and the poor get another kick to the (fill in your own term) while the wealthy are unaffected. So far.....
      • accountant retired 10 mths ago
        35% is the highest tax here others are lower. You want to rob from the ones that earn it and give to the ones that won't or can't. wrong
    • WilliamF  •  10 mths ago
      A balanced budget in 3 years, we Americans can only dream and wait for Obama to be gone.
      • Pope 10 mths ago
        And be replaced with what??
      • facefind 10 mths ago
        You had a balanced budget and a surplus when MR. BUSH took office!!!
        What did you do with that money????? Rep pockets is what you did!!!
      • Agrona 10 mths ago
        @Facefind Thank you,
    • Ben  •  10 mths ago
      GEE-- Isn't socialism great...................
      • Pope 10 mths ago
        You wouldn't know what socialism was if it kicked you in the nuts.
      • james 10 mths ago
        all the worlds financial problems are mostly caused by american capitalsim run amuck
      • Edgar S 10 mths ago
        American Capitalism is GREAT!
        With the huge amount have debt, there are great choices ahead. Given that the elderly are a waste of money, an efficient economy needs to get rid of them.This is a way to cut down the debt, makes sence, rite? :)
        This would include the Korean and Vietnam war veterans, opppsss. What does this remind me of? ...
    • Nick Nick  •  10 mths ago
      Italian mob families from NYC should go back to Italy. Only they can restore the order.
    • bludog  •  10 mths ago
      Tremonti said "the pressure on markets in recent days was not a problem of a single country, but of the structure of Europe." That structure is called Socialism. It's the blueprint that President Obama is following. Time to put on the brakes and reverse course America!
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]
    Loading...