Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Italy Eyes $13 Billion Savings in Spending Cuts, Repubblica Says

Dec. 18 (Bloomberg) -- Prime Minister Mario Monti’s government is studying a plan to cut Italian public spending and tax breaks by as much as 10 billion euros ($13 billion), la Repubblica said, without saying where it got the information.

The government will set a limit for spending at 50 percent of gross domestic product and reduce some of the 720 tax breaks currently totaling about 253 billion euros, the Rome-based daily reported today. Part of the proceeds from the measures will fund a new system for unemployment benefits, Repubblica said.

To contact the reporter on this story: Lorenzo Totaro in Rome at

To contact the editor responsible for this story: Craig Stirling at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.