News Headline Summary

Italy's Berlusconi says will reduce spending by 2 percentage points a year to finance tax cuts

- Italy doesn't need new austerity measures.

Update details:

- According to latest election polls, the centre-left set to win a majority in the lower house but in need of allies to hold the Senate.
- Pier Luigi Bersani's centre-left coalition, made up of his Democratic Party (PD) and Left, Ecology and Freedom (SEL), is an average of 5.7 points ahead of the centre-right coalition led by Silvio Berlusconi and his People of Freedom party (PDL).

Print 08:30, 11 Feb 2013 - Economic commentary - Source: Newswires