Italy austerity plan draws wide criticism

[liao]

Italy austerity plan draws wide criticism

President Giorgio Napolitano on Saturday signed the emergency decree introducing sweeping austerity measures to cut the Oil painting reproductions fiscal deficit by some 45.5 billion euros ($64.7 billion) and balance the budget in 2013, a year ahead of its previous schedule.Ugg boots,Wholesale Ugg,Ugg Outlet;Ugg Outlet Store;UGG Bailey Button Boots;UGG Tasmina Sandals

 

"A missed opportunity," was the comment by the chief economist of the Paris-based Organization for Economic Co-operation and Development, Pier Carlo Padoan, in daily La Stampa on Sunday.UGG Gypsy Sandals;UGG Fluff Flip Flop Slipper;UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii;UGG Bags;UGG Classic Argyle Knit

Padoan said the plan was positive in the pledge to bring forward the balanced budget but it lacked measures to boost growth and tackle tax evasion. Employers' lobby Confindustria estimates Italy's tax evasion totals 120 billion euros.UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots;UGG Classic Tall Boots;UGG Coquette Slippers

CGIL union confederation leader Susanna Camusso told la Repubblica the package "hits only those who already pay their taxes," adding that the date of a general strike would be decided at an emergency union meeting on August 23.

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