Pensions will be cut by 1% says spending-review chief
Political costs to be slashed by 10%18 March, 16:10
Previously, Premier Matteo Renzi had said pensions would not be touched by the spending review.
But Carlo Cottarelli told parliament "it would have been difficult to ignore a sector that's worth 270 billion euros".
Pension cuts "will be in the order of 1%, much less than potential savings in other sectors," he said.
The cost of Italy's bloated political system will be cut by 10%, Cottarelli said.