Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Italian Senate Starts Review of $65 Billion Austerity Plan

By Chiara Vasarri - 2011-08-17T16:01:48Z

The Italian government’s 45.5 billion-euro ($65 billion) austerity package was formally presented in the Senate today, paving the way for the review process to start, the Senate said on its website.

The Constitutional Affairs and Budget Committee will start examining the bill next week and the full Senate will likely vote on the plan in the first week of September.

Italy’s deficit-reduction plan, approved by Prime Minister Silvio Berlusconi’s Cabinet on Aug. 12, aims to balance the budget in 2013 by raising the capital-gains tax, increasing levies on the highest earners, cutting government spending and reducing funding to regional administrations.

The measures, passed by decree, have taken effect immediately and must be approved by parliament within 60 days.

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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