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Italy braces for strikes amid crisis

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Italy braces for strikes amid crisis Empty Italy braces for strikes amid crisis

Post by hlk Tue 06 Sep 2011, 20:35

ROME (AP) - Italy's president is warning the country's leaders to heed what he calls the "alarming' signals of worsening financial crisis and urgently enact austerity measures.

President Giorgio Napolitano's appeal to government and parliament was prompted Monday evening by the widening spread between interest rates on Italian debt and benchmark German rates.

Tensions are rising as the nation braces for a general strike called to protest a 45.5 billion (68 billion) package of spending cuts and new taxes that unions contend fail to spur job creation.

Workers for state railways, buses, trams and subways are set to strike for eight hours Tuesday. Alitalia says the air transport sector strike will force it to reduce its number of national flights, but intercontinental flights won't be affected.
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