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Senate approves 'competitiveness bill'

Senate approves 'competitiveness bill'

Designed to 'give hope to younger generations'

Rome, 25 July 2014, 17:26

ANSA Editorial

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-     ALL RIGHTS RESERVED
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With 159 votes in favor and one against, the Senate on Friday approved a package of measures designed to stimulate the economy in an effort to pull Italy out of what is its longest postwar recession.
    The so-called competitiveness bill includes 10% cuts in utilities bills for small-and-medium enterprises (SMEs), and the extension of a bridge loan to the controversial ILVA steel plant in the Puglia port city of Taranto. Two Senate committees on Thursday recommended the appointment of a sub-commissioner to oversee the environmental clean-up of its operations after the judiciary ordered the closure of Europe's largest steelworks because of unusually high cancer rates in and around Taranto.
    As well, the bill would reduce the penalty for sowing genetically modified seeds, from up to three years in prison and 10-30,000 euros in fines to fines of 25-50,000 euros with no jail term. "The recovery is still weak and we know we must stimulate it," deputy industry minister, Claudio De Vincenti, told MPs. "This bill is in line with the government's strategy to restore the hopes of families and give younger generations a future".
    The center-right Forza Italia (FI) party of Silvio Berlusconi, the anti-establishment 5-Star Movement, and the anti-immigrant, separatist Northern League abstained from the vote.
    The bill now goes to the Lower House.
   

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