Berlusconi 'Using Austerity Bill to Save Himself ?750m'

'Silvio Berlusconi has attracted the ire of Italian MPs across the political spectrum after it was alleged that government legislation before parliament had been designed specifically to benefit one of his companies.

To the outrage of opposition MPs, alert officials in the office of State President Giorgio Napolitano have spotted small print in a bill that proposes ?47bn (�42bn) of public spending cuts, which appears less than austere with the billionaire Prime Minister's finances.

The offending paragraph in article 37 will allow Mr Berlusconi's Fininvest group to avoid a crippling ?750m compensation payment to a left-wing business rival, Carlo De Benedetti.'

Read more: Berlusconi 'Using Austerity Bill to Save Himself ?750m'

Source: http://www.davidicke.com./headlines/50636-berlusconi-using-austerity-bill-to-save-himself-750m

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