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Italy announces liberalization package

01-21-2012 08:12 BJT

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The Italian government has approved hotly-contested emergency measures to open up competition in a wide-range of sectors. The move is aimed at boosting growth and making room for young people in the workforce.

The measures approved Friday are the second prong in Italian Prime Minister Mario Monti’s efforts to protect Italy from the sovereign debt crisis, following a $30 billion austerity package passed in December.

The legislation will allow more taxi licenses, permit pharmacists to discount some medicines and allow gas stations operators to choose whom they buy fuel from.

Monti says that the greater competition will improve Italy’s highly-rigid society.

Analysts, however, say Monti needs to have solid parliamentary support for his efforts to succeed, given growing opposition to his policies.

Taxi drivers have been staging strikes for days against the proposed reforms.


Editor:Zhang Rui |Source: CNTV.CN

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