Monti Imposes Regional Austerity to Combat Corruption and Reckless Spending

Good luck…..

“Italian Prime Minister Mario Monti’s Cabinet approved cuts to regional-government budgets aimed at curbing corruption and excessive spending, exemplified by accusations against a politician arrested this week.

“It’s important that we save something worth even more than money, the trust citizens have in their institutions,” Monti told reporters last night in Rome after a cabinet meeting. The government will give an estimate next week of the savings derived from the measures, Finance Minister Vittorio Grilli said.”

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