Italian business bodies say budget doesn't do enough
Bodies demands more cuts in taxes, labour costs, public spending18 October, 17:06
The bodies said "rapid and decisive action aimed at cutting public spending was missing" from the budget, adding that there was a need for "a more incisive reduction in taxes and in labour costs".
Italian Premier Enrico Letta said on Monday this week that the 2014 budget law is to give certainty and solidity to Italy's public finances for the next three years. His cabinet has approved it, and it now has to be scrutinised and approved by parliament.