Italian FinMin Quits

World | July 3, 2004, Saturday // 00:00

Italian Economy Minister, Giulio Tremonti, resigned hours before key cabinet talks over a controversial emergency budget. Prime Minister Silvio Berlusconi is taking temporary charge of Tremonti's work. Saturday's cabinet meeting on the issue has now been cancelled. The cabinet was set to discuss drastic spending cuts to bring Italy in line with EU limits - an issue which has divided Italy's governing coalition.

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