Wednesday, February 1, 2012

Italian premier asks lawmakers to take salary cuts (AP)

ROME ? Prime Minister Mario Monti is asking Italian lawmakers to take a salary cut as part of a broader effort to trim the privileges of the country's political elite.

The government said in a statement Monday that Monti sent a decree to the Chamber of Deputies and the Senate that would cap salaries for members of both houses of the Italian parliament ? who are among the best-paid in Europe. The move is part of an austerity package, nicknamed "Save Italy," passed in December in a bid to trim the costs of bureaucracy.

The deputy speaker of the lower house, Rocco Buttiglione, said the request would be approved.

The cuts are a hallmark of Monti's government, which has pledged to get rid of privileges that have angered many Italians. Monti himself has renounced his own salary as premier and economy minister.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120130/ap_on_re_eu/eu_italy_financial_crisis

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