Italian Austerity - Eurozone Crisis

Telegraph: Reports on the Italian Austerity package, here are the highlights, 1, public sector cuts, 2, social security freeze, 3, public sector wage freeze, 4, tax hikes and 5, a balance budget Act. Well folks the Unions will be on the streets, those on benefits will see their benefits go down, so another group, those in the public sector will see price hikes while their wages are frozen. The rich will hire eve more clever accountants to avoid paying tax or move. Folks lets see how long before there is an election, these kind of austerity bought Greece to a standstill, well that might be a picnic compared to what could happen in Italy, lets recall the left is still powerful in Italy, thus like their UK brothers they will be expected to have General Strikes. The public will soon sour on an unelected PM, does not matter what France and Germany think this might not work in the long term folks. It could be argued folks that this package might not be enough, you still have the welfare state, thus the same structural problem. Read the article more detail folks.