The government in Rome has adopted draconian austerity measures. Ministers of mercy citizens wept, and gave Prime Minister, in solidarity, to pay.

Pressed its European partners, the government of Rome led by Prime Minister Mario Monti adopted Sunday night - instead of Monday as was planned - by decree, unprecedented austerity measures. Italy has pledged to save 24 billion euros by 2014, and invest 10 billion euros to boost growth, especially in industry and labor market.

Among the measures taken by the Government of the peninsula, which aim to achieve a balanced budget in 2013 included a tax on luxury goods, cancellation of tax incentives, a potential increase in VAT by 2%, redundancies in the public sector, strengthening the fight against tax evasion and raising the retirement age for many employees and the number of contribution years, even in January 2012. The announcement of this measure, the Minister of Social Affairs, Elsa Fornero, lacrimi.Vizibil burst into excited, she was unable to finish the sentence in which he spoke about "sacrifice" and "financial constraints (international ed.) Severe ". Rome press commented ironically that the minister is symbolic weeping for what awaits the Italians.

PM gives up salary

Prime Minister Mario Monti spoke of,, sacrifices required of all citizens ", but also Italy's economic growth measures that include women and youth support and development of the country's poorer south." I gave a particular importance equality had to share the sacrifices, but I took care to distribute them fairly, "he said.

And the first sacrifice made even Prime Minister, giving the salary of President of the Council and that the Minister of Economy and Finance. Chief Executive and pride urged Italians to convince them that it is necessary to close the belt. , Should not be perceived in Europe as a hotbed (no-crisis), "Monti said, adding that he wanted" a proud Italy, which will no longer laugh, as happened in the past. " Austerity measures must be adopted by parliament within 60 days.

Rome borrow cheaper

While unions have threatened strikes Peninsula and protests, austerity plans have been praised in Brussels. "The measures come to the right time and are extremely ambitious. (...) They are necessary to restore confidence in the Italian economy and to bring under control the country's large debt, "said European Commissioner for Monetary Affairs Commissioner Olli Rehn. The markets reacted positively. Yields on Italian government bonds with a maturity of ten years decreased by 0.3% to 6.3%. European and Asian Indices and they showed a slight increase.

A disappointed generation

The German magazine "Der Spiegel" but remember that a country depends not only functional economic indicators but also the condition of people living in it. And in Italy, young people 30-35 years ago, the generation that formed in the 17 years as the country was led by Silvio Berlusconi, have lost confidence in politicians of both the Peninsula and in the economy. The beginning of their professional activity was conducted into corruption and nepotism, the German magazine comment. "How can you have confidence in parliament after 17 years? "asks rhetorically Massimo Palma, an Italian 33 years old.

"We should not be perceived in Europe as an outbreak."

Mario Monti

Italian Prime Minister

Belgians save their own country

Eliza Frâncu

The bond issue last week was a complete success in Belgium, says "Le Monde". Yves Leterme, Prime Minister interim, he had asked the Belgians to help state and buy bonds. Leterme hopes that the population will raise about 200 million euros. The end result is somewhere around 5.7 billion euros. The interest of these bonds was the highest since 2008: 4.20% for bonds over eight years. A classic savings account would bring a Belgian three times less.

Explanations of the phenomenon

It would be a first explanation for the phenomenon. Another is that the Belgians are very economical. The average Belgian family set aside 8,000 euros. A third explanation would be "patriotic feeling" - Belgians wish to participate in the recovery of the country. To be more realistic, other analysts explain their success in that obligations Belgians fear exchange crisis and a possible fall of the euro.

Effect on market

Whatever the reason, the effect was seen immediately and the financial markets. If last week yield (interest) was about 6%, after the sale to the public, he dropped to 4.57%.

The success gave them ideas Belgian political leaders, who, in 2012, will have to find about 80 billion euros, as part of maturing debt. Now they believe that the Belgians could give half of that state.