Austerity Measures To Focus On Healthcare Spending

Faced with making a EUR27.6bn (US$34.0bn) budget adjustment over the next two years, the Italian government has stated that four regions will no longer receive development funds because they have run excessive deficits in their healthcare budgets. With a public debt of 113% of GDP at the end of 2009, Italy has been grouped among the likes of Greece, Ireland, Portugal and Spain as countries with spiralling sovereign debt

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