This satiric video is about Charlie Broker and Jon Stewart on Berlusconi.
From daily The Morning Star in Britain:
Thursday 14 July 2011
Italy looked set to follow Greece, Ireland and Portugal into a vicious circle of economic pain today after the senate voted 161-135 in favour of a tough austerity budget, slashing €48 billion (£42bn) off public spending.
It includes raising the price of prescription drugs and massive cuts to health care, pensions and local authority budgets.
Italy‘s €1.8 trillion (£1.6tn) debt is higher than those of Greece, Spain, Portugal and Ireland combined, and the government was under pressure from the European Central Bank and the International Monetary Fund to introduce radical austerity measures despite such tactics not proving effective in reducing the deficit in Greece.
Yesterday the government managed to raise €2.97bn (£2.6bn) by selling state bonds but due to poor confidence in the country’s solvency, it was forced to offer a record high 5.9 per cent rate of return.
Sam Webb on the importance of creating the conditions to roll back the global austerity drive: here.