Italian government approves austerity

ITALY has backed a €70 billion (£43bn) austerity package aimed at stopping the eurozone's third-largest economy from succumbing to the debt crisis.

By The Newsroom

Published 15th Jul 2011, 16:26 BST

Updated 16th Jul 2011, 01:56 BST

Premier Silvio Berlusconi's government fast-tracked approval of the package measures.