The political forces behind expremier Silvio Berlusconi sharply raised the stakes Friday in their battle to return to power.
They declared opposition to the government’s deficit-cutting package, saying it relied too heavily on higher taxes.
The announcement sent politics into a new stage of uncertainty and pushed the lira down to a record low against the benchmark German mark.
Premier Lamberto Dini’s government presented the package, mainly new taxes and some cost-cutting, as one of his four priorities. He has said in the past he would resign if his limited mandate is blocked.
Local journalism is essential.
Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.