Italian MPs in fisticuffs over pension cut plans

clock

Italian MPs became embroiled in a punch-up in parliament after a party leader's wife was dragged into the debate about pension reform.

The debate was an attempt to hammer out a plan to reduce Italy's £1.56trn deficit and avoid falling prey to the Eurozone debt crisis, the Telegraph reports. Gianfranco Fini, leader of the opposition Future and Liberty of Italy (FLI) party, made sarcastic comments about the wife of Umberto Bossi, leader of the evolutionist Northern League (NL). Bossi has objected to plans to plans to cut Italy's generous public sector pension system. Since Bossi's support is critical to Prime Minister Silvio Berlusconi for a majority, the objection has stalled reforms. Fini, in a television inter...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •