Domenica, 21 Ottobre 2018

Italian government approves slashing number of provinces


Rome, October 31 - The Italian government agreed to
almost halve the number of provinces to 51 in a bid to cut
public spending, Civil Service Minister Filippo Patroni Griffi
said after Friday's cabinet meeting.
Italy currently has 86 provinces, each with its own
The measures are part of a wider range of reforms
introduced by Premier Mario Monti since he took the helm of a
government of non-political technocrats almost a year ago after
Silvio Berlusconi was forced to resign amid a peak in the euro
Since his appointment, Monti has been under pressure to
tackle Italy's 1.9-trillion-euro public-debt load.
Italy, which is the eurozone's third-largest economy, has
over the past year seen its borrowing costs soar to levels
considered unsustainable by most analysts.
An Italian default has been indicated by many as a likely
prelude to the collapse of the 17-member eurozone.

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