Italy's Government Wins Senate Confidence Vote on Budget Law
08 December 2016 - 1:16AM
Dow Jones News
By Giada Zampano and Deborah Ball
ROME - The Italian government won a confidence vote Wednesday
afternoon in Italy's Senate on its 2017 budget law.
The vote is a precursor to a final vote on the bill later
Wednesday afternoon, enacting a 27 billion euro ($28.89 billion)
expansionary budget, which averts a planned value-added tax hike
and includes measures to allow people to retire earlier.
After the final Senate vote, Prime Minister Matteo Renzi is
expected to step aside, with the exact timing likely to become
clear after a speech late Wednesday afternoon to his party.
-Write to Giada Zampano at giada.zampano@wsj.com
(END) Dow Jones Newswires
December 07, 2016 09:01 ET (14:01 GMT)
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