Italy Passes 2017 Budget

Paving the way for Prime Minister Matteo Renzi to hand in his resignation, on Wednesday, the Italian parliament gave its final approval to the government’s 2017 budget, an approval that has irked the European Union. Sweeping away all amendments to speed up its parliamentary passage, the upper house Senate approved the budget in a vote of confidence, with 173 votes in favor and 108 against. Following his crushing defeat in Sunday’s referendum, Renzi said he would quit.

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